The Dollar Technical and Fundamental View (Marco)
While there is some talk of the Dollar topping out now and resuming a slide to worthlessness I doubt very much that this is going to happen any time soon. You can see by the chart below my technical view on the Dollar. This is based primarily on the fact that the dollar has been in a sideways mode since last November 2017. It has just stayed in a tight range, neither moving up or down.
You can see that it is forming a breakout triangle which may trigger the shorts once it appears to be heading down in earnest. There is not enough talk at the moment to give people the nervous jitters and the fundamentals on the economy haven't really changed in years. The artificial manipulation of the markets has continued unabated for the past ten years and will not likely change any time soon.
People will drone on about how the policy of the central banks is failing but these are the same idiots that call that markets based on the past forty years when the markets were free. As I have told you many times this is not the case anymore and you can't think like this anymore. For the most part, you are just trading market noise. Nothing more.
The Dollar is likely to head fake the short sellers and then reverse to higher levels than it is likely to fall to new lows. Keep that in mind. It is a much safer and easier play than hoping that everything unwinds and debt explodes again. I don't see it at all.
The Dollar has stayed between 100 and 94 for the past five years moving back and forth in a short trading range. No there is no trend. That hasn't happened since 2012.
If there is a trend at all the Dollar would not collapse on a debt explosion but rather it would rally as debt margins were called and carry trades unwind. The money would flow back to the Fed and the BOJ. Anyway cheers.
You can see that it is forming a breakout triangle which may trigger the shorts once it appears to be heading down in earnest. There is not enough talk at the moment to give people the nervous jitters and the fundamentals on the economy haven't really changed in years. The artificial manipulation of the markets has continued unabated for the past ten years and will not likely change any time soon.
People will drone on about how the policy of the central banks is failing but these are the same idiots that call that markets based on the past forty years when the markets were free. As I have told you many times this is not the case anymore and you can't think like this anymore. For the most part, you are just trading market noise. Nothing more.
The Dollar is likely to head fake the short sellers and then reverse to higher levels than it is likely to fall to new lows. Keep that in mind. It is a much safer and easier play than hoping that everything unwinds and debt explodes again. I don't see it at all.
The Dollar has stayed between 100 and 94 for the past five years moving back and forth in a short trading range. No there is no trend. That hasn't happened since 2012.
If there is a trend at all the Dollar would not collapse on a debt explosion but rather it would rally as debt margins were called and carry trades unwind. The money would flow back to the Fed and the BOJ. Anyway cheers.
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