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What is the USD doing?


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US Non-Farm Payrolls for December are released today at 1330 GMT. Unemployment rate of 6.8% est., Watch out for this if you're holding anything that may be impacted by the announcement. 

Well it's definitely going up @Nelsy-Boy...  But seriously folks, looks like the Weekly Triangle line on the EURUSD held firm as resistance this time, sending price back down but will it turn back bef

Before it was potential.  Now it is confirmed.  USD is one of the biggest broad market influencers.  I wonder what other pivots a significant USD bearish phase will reveal? 

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You are so right Dmedin.. going long on the dollar is the smart play....not. Streuth man, it's devaluing against sterling, which is testament to how bad things are. When the dollar makes sterling look good, obvious thing to do is go long? Aye? Counter-counter intuitive. Or just not very bright.

No inter-coursing way. They keep devaluing the currency everytime they print/invent trillions more of it, it dilutes the value of the currency. Or should do, if folk were to question it. Owt stranger than folk,as my nan used to say.

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1 hour ago, 786Trader said:

You are so right Dmedin.. going long on the dollar is the smart play....not. Streuth man, it's devaluing against sterling, which is testament to how bad things are. When the dollar makes sterling look good, obvious thing to do is go long? Aye? Counter-counter intuitive. Or just not very bright.

No inter-coursing way. They keep devaluing the currency everytime they print/invent trillions more of it, it dilutes the value of the currency. Or should do, if folk were to question it. Owt stranger than folk,as my nan used to say.

May be thats why Warren B for very first time in 100 (almost) years invested in Gold just now....

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No need for any new stimulus.  Up to 9380 next most likely, gold is sh!tting the bed and EUR, AUD, CAD, GBP all likely to fall vs. dollar.  And commodities will become more expensive so demand and price will fall.

 

US Dollar Basket_20200904_14.06.png

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US Non-Farm Payrolls for December are released today at 1330 GMT. Unemployment rate of 6.8% est., Watch out for this if you're holding anything that may be impacted by the announcement. 

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