Despite the market selloff. There is a lot of dollar bagholders out there who's holding it up thinking it's oversold and need a bounce. Watchout when they puke out their holding.
Yes dollar does not look good. However we are right at its uptrend line and right at the lower BB line and below 20, so it could go either way and really break down or have a slight rally to 81 and change.
dollar bagholders :) why are you posting about currency traders on a commodity slv website ? Who do you know that invests in currency ?
kids, can't see the forest for their stack of silver.
It's all connected. Institutions bought dollar expecting certain carry directions in USD/JPY EURO/USD. They short PM based on same expectations.
I don't care about day to day of forex market cuz I don't trade it. But I look at big picture. What they are expecting is not coming to fruition. Since they made big bets based on their expectation, they'll eventually have to puke it out.
Do you understand the power of the dollar as being the world reserve currency?
Do you realize that it is controlled to a value by design?
Did you know that the dollar is at the same level it was 10 years ago?
The dollar is not likely to make a big move anytime soon.
How many dollar bagholders are there?
I'm not sure, but the dollar is valued more than any other.
It to was forced down by banks, so that it would not be over-valued.
The dollar is another controlled commodity, not likely to move very much.
Do you know why US can be in near perpetual deficit without the currency weakening? I mean if you always buy more than you sell, your currency should go down relative to your trading partner. Yes it's held by design through buying of treasuries by foreign country to finance our spending habit.
Sure it's all stable, until......
Come on live!
The dollar will not but what it would 10 years ago!
It lost over 30% of its reserve status last year alone!
The dollar in the next 10 years is going to fall off a cliff!(within 5 really)
Debt in 5 years will be north of 30 trillion as we head further into the abyss!
Your right the dollar isn't sick its dying!