$USD US Treasury Secretary Steven Mnuchin said The Trump Administration does not intend to intervene in the USD market now, but signaled he prefers any future move be coordinated with the Fed and global allies. The Treasury Department has “no intention of intervention at this time. Situations could change in the future but right now […]
$USD Friday, President Trump said he will not devalue the USD in the US trade dispute with China. “No, we do not have to,” President Trump said when asked whether he plans to devalue the Greenback, though he added that if the Fed were to cut interest rates it “would automatically bring down the dollar […]
$USD The experts, the President, the IMF all say the USD is too strong in here, but managed money say it has room to run North. So, when will the Dollar Bulls turn to Bears? Since the trade dispute between the world’s 2 largest economies came to life in March last year, USD has gained […]
$USD, $EUR, $JPY, $CNY International Monetary Fund (IMF) said Wednesday the USD is overvalued by 6% to 12%, based on near-term economic fundamentals, while the EUR, the JPY, and China’s RMB Yuan were seen as broadly in line with fundamentals. The IMF has been at odds with President Trump over his use of tariffs to […]
$XAU, $GLD Gold markets broke down during most of the week but had a strong turn around to reach towards the bottom of the trend line marked on the chart below. Note: The trendline is much more visible on the daily, and suggests a potential Head & Shoulders pattern forming. That said, gold is setting […]
$USD The Fed’s Beige Book was released Wednesday showing the US economy continues to be performing strongly. Manufacturing was stronger, employment remains strong across the economy, but bad weather and bad politics have taken their toll. On the latter, 50% of the reporting areas said that the government partial shutdown had been hurting local growth. […]
The US is Winning Currency War to Weaken Dollar $DXY, $USD, $EUR, $GBP, $CHF, $JPY, $CNY The US is winning a “cold currency war” as it seeks to weaken the USD The Buck’s nearly 12% dive since the start of Y 2017 is being fueled by fiscal and monetary policies as well as rhetoric intended […]
US Dollar (.DXY) Falls on Treasury Secretary’s Welcome in Davos $DXY The US Treasury boss has welcomed a weaker Buck, breaking with a past commitment by the US government to back a strong USD. His comments in Davos, CH led to a sharp sell off Wednesday marking a 3 year low. US Dollar (.DXY) Index […]
President Trump Wants the USD Down $DIA, $SPY, $QQQ, $VXX DJIA +0.2% finish at a new all-time high for the 3rd session running. Some economists warn that The Trump Administration and its economic policies will not help USD in the long run. The .DXY rebound by up to 5% from current marks but the Buck will […]
“Do Not Be Fooled, There is No Economic Recovery” $GLD Peter Schiff, CEO of Euro Pacific Capital, advises that savvy investors should not be fooled by reports of any economic recovery. And the same investors should continue to buy Gold despite the pullback. “I’m certain that all this talk about a recovery is wrong,” Mr. […]
