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Created on: 5/4/2021 3:11:49 PM Last Update: 5/4/2021 4:20:17 PM Posted by: RTT
WARNING: This entry is 947 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Yellen can not stop the dollar decline
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 Printing money results in a lower currency, so long as the currency does not fall too fast.
Previous Post: US Dollar Forecast - Weakness
Here are the very strong fundamentals for a lower US dollar:
(a) US inflation exploding.
(b) Massive US twin deficits.
(c) Better conditions in Europe.
However French election worries in 2022 Q1 and Q2 may provide US dollar strength (via European weakness) after Christmas, but this strength may come after a low in the DXY near $84.
It looks like Yellen knows a down swing in the US dollar is near because today she jaw bones strength into the US dollar.
..."It may be that interest rates will have to rise a little bit to make sure our economy doesn't overheat''...
Update1: Yellen Reverses Earlier Hawkish Comments Entirely, Says "I'm Not Predicting Anything"
Or maybe she does not mind standing on Powell toes to goose up the US dollar to allow her WallStreet friends to load up on risk on assets before the dollar sinks.
Dollar chart 1 - Fundamentals are bearish.
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Dollar chart 2 - Break down is near
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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
..“What beat me was not having the brains enough to stick to my own game – that is, to play the market only when I was satisfied that precedents favored my play.”..
Jesse Livermore
.."It's easier to fool people than convince them that they have been fooled"..
Mark Twain
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Nobel Laureate for Economics Paul Samuelson
.."Wait for that wisest of all counselors, Time"..
Pericles
.."So you think money is the root of all evil? Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men are able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value(...) Money is made possible only by the men who produce. Is this what you consider evil?"..
Ayn Rand
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