USD 06 (Nov 15 - Dec 24)

Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Sat Sep 30, 2017 1:28 pm

Can the US dollar make a comeback?

Down against almost every currency, the greenback is having a torrid year as almost every factor that was expected to propel it higher has failed to pan out

Depreciated by 15 per cent from its peak against the euro last December, and by around 8 per cent versus the Japanese yen year-to-date.


Source: SCMP

http://www.scmp.com/business/article/21 ... e-comeback
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Tue Oct 03, 2017 7:49 pm

5 Reasons the U.S. Dollar Could Plunge in October

From North Korea to weakening U.S. economic data, the greenback seems poised to fall. Here is what that means for stocks in October.

by Douglas Borthwick

1. A Stronger European Economy
2. A Softening U.S. Economy
3. Little Real Hope for U.S. Tax Reform
4. North Korea
5. China


Source: The Street

https://www.thestreet.com/story/1432553 ... yptr=yahoo
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Thu Oct 05, 2017 8:25 am

‘The world will never trade oil in just U.S. dollars again’

by Justin Brill

“China is expected shortly to launch a crude oil futures contract priced in yuan and convertible into gold.”


China’s entry to the market could change that. And this story has major implications, including…
1. Growth in demand for the Chinese yuan, creating long-term strength.
2. Lower demand for the U.S. dollar, creating long-term weakness.
3. An inability for the U.S. to impose financial-system sanctions on foreign countries.
4. The yuan creating real competition for the U.S. dollar as the world’s reserve currency.


Source: Stansberry Digest

http://thecrux.com/chinas-groundbreaking-announcement/
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Thu Oct 05, 2017 4:39 pm

Has the dollar bottomed?

We believe the Dollar Index could have bottomed from the Jan 2017 high. Our wave count looks at the likely completion of the flat formation (3-3-5 wave count) for the Dollar Index from the Mar 2015 high.

In addition, with the Dollar Index recently overcoming the resistance trendline since 1Q17, it is likely that the Dollar Index has bottomed and has started a new long-term uptrend. Weekly MACD has just turned positive and weekly RSI has broken out, which is medium-term positive.  

Bloomberg Dollar Index reaffirms our bullish view on the dollar

The Bloomberg Dollar Index (BBDXY Index) reaffirms our view of a stronger US$ ahead. The Index has broken past its resistance trendline, weekly MACD has turned positive and weekly RSI has broken out.

While the Dollar Index consists of six currencies (euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc), the BBDXY consists of ten currencies (euro, Australian dollar, Canadian dollar, Mexico peso, pound sterling, yen, Swiss franc, Chinese yuan, South Korean won and Indian rupee).

Source: CIMB
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Mon Oct 16, 2017 8:33 am

Weaker greenback favors US economy

by Andrew Wong Wai-hong

People from all walks of life often describe US President Donald Trump as "crazy" because of controversial remarks that he has been making which always generate a negative backlash.

Because of this, the US dollar is negatively affected.

While his popularity has recovered, it is believed that the greenback might slip further because of his administration's political problems.There is not much reason to have high expectations of the US dollar.

One of the key points to focus on is Trump's move to bring to his cabinet top Goldman Sachs executives, including Gary Cohn as director of the national economic council and Steven Mnuchin as treasury secretary.

With veteran bankers now in government, setting the dollar's direction should not be difficult.

The greenback's current weakness is favorable to the US as it will boost its exports, one of Trump's key election pledges.

It will also improve global demand for commodities and investors won't be overly focused on US dollar assets, which is good for the global financial market.

But why will Trump move to stimulate commodity prices and the global financial market? Why will ex- Goldman Sachs executives, now in Trump's administration, suggest a weakening of the dollar to drive up global asset prices?

For several reasons. The first is if global financial markets continue to keep dollar assets strong, global economy will eventually weaken. And in the event of any weakening, the US economy will be subjected again to recessionary pressures due to imbalances in asset prices.

Is a weak dollar really their long- term strategy?

We will tackle this issue again next week.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 1016&sid=2
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Sat Nov 18, 2017 1:27 pm

Why the dollar’s demise is about to speed up

by Nick Giambruno

Source: International Man

http://thecrux.com/trumps-financial-911/
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Tue Nov 28, 2017 9:22 pm

The U.S. Dollar Could Move Dramatically Higher in the Coming Months and Years

by Dr. Steve Sjuggerud

Money flows where it’s treated best. And right now, the U.S. dollar treats money better than any other major global currency.

With the uptrend back in place, we could be at the beginning of a major move higher. That makes now the time to position yourself for a stronger dollar.


Source: Daily Wealth

http://dailytradealert.com/2017/11/28/u ... ths-years/
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Sat Dec 02, 2017 11:01 am

Here’s what’s threatening the dollar in 2018

Yen - The BOJ might be moving closer to abandoning its lose money approach.

Dollar-yen could fall as low as ¥104 next year.


Euro - Its strong 2017 run, in which it rallied around 13% against the buck, was fuelled by strong regional economic growth, as the eurozone economy was catching up on a growth spurt.

The euro will likely benefit from continued global expansion and flows from reserve currency managers.

Risk - Brexit negotiations or Italy’s general election in May.


Source: Market Watch

https://www.marketwatch.com/story/heres ... yptr=yahoo
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Wed Dec 06, 2017 9:37 pm

It Looks Like Another Rough Year for the Dollar in 2018

With global “growth becoming more balanced and more synchronized, the dollar looks expensive.”


TD recommends long positions in an equal-weighted basket of the euro, Swedish krona and New Zealand dollar versus the U.S. currency and the Swiss franc.

Societe Generale projects the benchmark U.S. dollar index will drop 4.5 percent by the end of 2018, and is bullish the euro, Australian dollar, the Norwegian krone and a slew of eastern European currencies against the dollar.


Source: Yahoo Finance

https://finance.yahoo.com/news/looks-an ... 48373.html
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Re: USD 06 (Nov 15 - Dec 17)

Postby winston » Fri Dec 15, 2017 4:18 pm

Why the dollar is headed lower

by Jeff Clark

This chart is forming a “head and shoulders” pattern.

Gold and the dollar tend to move in opposite directions. So, if the dollar breaks down from here, then the next few weeks could be bullish for gold.

Traders should keep an eye on the $USD chart and the $93 level in particular. A close below that level should lead to more selling pressure on the buck – and more buying pressure for gold.


Source: Delta Report

http://thecrux.com/top-trader-why-the-d ... ded-lower/
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