USD 06 (Nov 15 - Dec 25)

[winston]

Russia responds to new U.S. sanctions by dumping the dollar

Russia will speed up work on reducing the country’s dependence on Western payment systems and the U.S. dollar in general

Source: ANTIMEDIA

http://thecrux.com/russia-responds-to-n ... he-dollar/

[winston]

Here’s How Europe Will Help Crash U.S. Stock Markets This Fall

by LEE ADLER

European money directly influences the bond market, and indirectly influences the stock market. And if they start pulling their cash out of our system…then what’s good for Europe could be very bad for the U.S.

Source: Sure Money

http://suremoneyinvestor.com/2017/08/he ... this-fall/

[behappyalways]

Why is the US dollar falling?
http://www.bbc.com/news/business-40853840

[winston]

More traders are short the dollar than any time in the past 4 years

Longer term, there could be more pain in store for the U.S. dollar if the White House can’t get their growth agenda implemented but near term it feels like there could be upside in the dollar.

I would keep an eye on the Powershares DB US Dollar Index Bullish Exchange Traded Fund (UUP) near term for a potential trade higher.

Source: Stansberry NewsWire

http://thecrux.com/short-u-s-dollar-the ... ade-in-fx/

[winston]

Chart of the day: Investors lose faith in US dollar

by Nicole Elliott

As what had been a very crowded trade in the US dollar index in January unravels, because the trend to weakness in the greenback has been relentless, observed volatility remains subdued and momentum bearish.

A surge in futures volume at the end of August suggests even more people have thrown in the towel, forced to review the oft-cited mantra of “strong dollar policy”.

Last week’s close below key support at about 93 might force even more investors to seriously rethink the value of their investments in the US.

Looking at the chart, a long-term measured target could be 82, roughly the height of the irregular topping pattern forming since 2015 and potentially the top of the massive triangle since 2006.

Source: SCMP

http://www.scmp.com/business/markets/ar ... -us-dollar

[winston]

The dollar's slide is about way more than Trump, and everyone should take notice

by Myles Udland

The transition from dollar to yuan has begun

As of June, Russia accepts yuan — rather than dollars — as payment for oil sales to China. Russia now has 25% of China’s oil import market, up from 15% earlier this year.

“If oil trade moves to yuan, it will mean a potential loss of $800 billion per year in U.S. dollar transactions, and a similar reduction of $800 billion in re-cycling of petro-surpluses into U.S. dollar assets.

Source: Yahoo Finance

https://finance.yahoo.com/news/dollars- ... 16126.html

[winston]

The dollar could be starting a multiyear bear market

by Brett Eversole

Gold also typically soars when the dollar falls. The metal has already entered a solid uptrend.

In any case, the greenback’s decline could just be getting started. Don’t be surprised if this is the beginning of a multiyear downtrend.

Source: True Wealth Systems

http://thecrux.com/top-analyst-the-doll ... ar-market/

[winston]

USD depreciation could be bad news for world markets

The US dollar has been on a steady decline, and at least one observer is saying that this may not be a good thing for world markets.

Now, low expectations of a US Fed hike at the Federal Open Market Committee on Tuesday are expected to exacerbate matters.

While the depreciation of the US currency is expected to provide a boost to domestic economic activity and provide support to financial markets, it may also hamper growth efforts in world markets.

According to El-Erian, compensating growth engines in world economies are still weak to counter appreciation in their home currencies. "With limited exceptions, such as Germany, there are very few countries able to absorb and navigate easily a sustained period of sharp currency appreciation."

Source: The Star

Read more at http://www.thestar.com.my/business/busi ... RvZ4Sfx.99

[behappyalways]

The World Can’t Stop Borrowing Dollars
https://www.bloomberg.com/view/articles ... ng-dollars

[winston]

‘This marks the beginning of the end of the petrodollar system’

by Jim Rickards

China just announced that any oil-exporter that accepts yuan for oil can convert the oil to gold on the Shanghai Gold Exchange and hedge the hard currency value of the gold on the Shanghai Futures Exchange.

Russia was the first country to agree to accept yuan.

The rest of the BRICS nations (Brazil, India and South Africa) endorsed China’s plan at the BRICS summit in China earlier this month.

Now Venezuela has also now signed on to the plan.

Russia is #2 and Venezuela is #7 on the list of the ten largest oil exporters in the world.

Source: Rickards’ Gold Speculator

http://thecrux.com/rickards-cracks-in-t ... ng-larger/