Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$UUP Peter Schiff: Everybody Who Is Betting the Trade War Is Bullish for the Dollar is Wrong
https://schiffgold.com/key-gold-news/peter-schiff-everybody-who-is-betting-the-trade-war-is-bullish-for-the-dollar-is-wrong/
Volatility increases, but dollar trend will move up!
Very explosive, if senate decided to approve tax bill and increased infrastructure.
But not very likely at this time, ahead of elections.
Yea check out this website smitty
http://www.globalrichlist.com
If you type in your net income, compared to a guy in Indonesia, for my year it would take him 47 years for the same value.....that’s completely messed up. Shows how screwed up the USD really is
Down she goes on Dragh’s comments. If Also if $100 oil is coming the fed cannot raise rates. It would kill the economy even faster imo.
Been loading Newmont Calls like crazy. Selling them and buying longer ones as well. Good so oversold and the Dollar drop is coming in 2019 big time.
It wants to turn over so bad now
Side note why dollar and bonds are tied together, God only knows. Dollar should be tied to rates. Watch the flip in Precious metals
Thanks you as well!
Yep. World might be getting tired of all this manipulation. Kitchen sink here. Goodluck:)
Trump going after Powell saying he is unhappy with rate rising. Here comes the Gold Bull Run!
https://www.sott.net/article/288556-Fasten-your-seat-belts-US-expands-info-war-against-the-BRICS
This is old smitter, but read article especially when they talk about the yuan/USD.
At some point it’s gonna come back down to earth. Especially if China starts dumping their 1.2 trillion US debt. I trimmed some of my dollar holdings and moved it into Long term Gold.
Good Luck to you as well.
It’s going to roll over before fall
Goodluck
Dollar hitting low of day. Let's see if $23.00 can hold this time for $UUP
Won’t last forever. Dollar is done.
Look at that rates go down dollar goes up......lol
This is backwards....thanks to QE
I still think rates go up as usd goes down to around 70’s
I don’t even think we seen3 rate hikes this week.
Usd loses value as the fed calls for rate hike??? Fed going to have to compete against the yuan
$UUP headed back down. It couldn’t break out. Puts lookin great! Sub $23.00 would rattle the Dollar big time!
Strongly recommend the short version of this investment.
The dollar is not the safe haven that it used to be, and as investors continue to pour out of the dollar, I strongly believe that emerging markets and commodities are going to do very well.
Another down day for the Dollar. Almost Closed Lod. No faith in our currency much anymore now that other World currencies are stepping up. $UUP keep falling please.
Tia lol
Yep watching the usd/cyb trade
We got the right path
.17 to go and sub $23! $UUP
As Trump not tried to pump the dollar a few weeks ago with that bs it would already be low 80’s
Only wish I had bought Calls on the Euro,Pound,Yen and Swiss Franc. Not sure what I was thinking not doing so.
SMH. I agree 70 is coming
We’re going back to the 70 range
Added UUP $22.00 Puts today Jan 2019....
Thanks! Been a long time coming and I feel a dollar collapse cannot be prevented with Interest Rate Hikes because we cannot afford to pay the trillions in interest on our debt. China is also buying our debt and off loading our dollar.
Nice job man:)
Oh Yeah! I am loaded with Jan 2019 Puts! Dollar has no where to go but down!
Smitty you watching usd drop with bonds while rates go up
$UUP Trending higher on all this Chaos but will soon resume the downtrend. The whole reason the Market is out of whack is because our National Debt is sky high and higher rates will cause massive interest payments. Once the Fed admits the Printing press of the US dollar and rising interest rates is a perfect storm for the US to get downgraded shit will hit the fan.
He needs to shut his mouth in terms of the Markets. He has said he wanted a weaker dollar before as well. Like you said massive debt and interest payments are coming as they raise rates. The dollar is a pos in terms of being a world currency in the coming years.
Strong, weak, can’t have it all.
Record high stock market and $20t debt
Trump just said on CNBC I want to see a strong dollar and Mnuchins dollar comments were taken out of context lol.
$UUP Down again! If she goes below $23.00 look for panic selling!
American Buying Power Degraded: Dollar Slammed By Trump Administration
The U.S. Dollar collapsed sharply today after Secretary of the Treasury Steven Mnuchin said the United States wanted a weaker currency. This statement comes after the U.S. Dollar has already fallen sharply since President Trump took office. While a weaker Dollar inflates asset prices which is likely the reason for the comment, it hurts lower and middle income Americans as buying power degrades and inflation jumps higher. Anyone who is not invested heavily in the stock market is seeing their real buying power drop with oil prices surging and other prices jumping in response. Investors on the other hand are loving it. Those with millions and billions invested in the stock market are noticing that every time the Dollar drops, the stock market jumps higher. In fact, it can be argued that there is a bubble in the stock market because of the weaker Dollar. The bottom line is, we should all be careful of this uber weak Dollar policy. There will be repercussions in the future for all Americans.
In looking at the stock chart, it clearly shows the exact spot it will fall to. Using the Dollar ETF $UUP, the U.S. Dollar will hit major pivot highs from 2012 and 2013 at $23.00. That means there is still some near-term downside because a technical support is tagged.
Lastly, please be aware that just like with Federal Reserve policy on massive money printing and how global central banks followed suit, other governments will start to devalue their currency in response. This ultimately is a long-term positive for gold, silver and Bitcoin.
Gareth Soloway
InTheMoneyStocks
Thanks and yes I agree. Also the higher interest rates woke raise the dollar it will only make the interest payments of our massive debt go even higher.
Yep you nailed it. Dept of treasury saying this because of the petroyuan.
This dangerous and stupid. Playing like it was their idea, BS.
Been calling the Dollar Collapse for almost a year now. I agree that a weaker dollar is great for the US and exporting. Plus weaker dollar means higher gold and Oil prices. Other commodities will follow suite.
Followers
|
28
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
411
|
Created
|
09/03/08
|
Type
|
Free
|
Moderators |
FUND SUMMARY |
UUP:NYSE Arca - The U.S. Dollar Index Fund seeks to track changes in the level of the Deutsche Bank US Dollar Index. The Fund seeks to track the Long Index by establishing long positions in DX Contracts. The Long Index is calculated to reflect the changes in market value over time of long positions in futures contracts, or DX Contracts. The UUP investment seeks to track the price and yield performance, before fees and expenses. The index is comprised solely of long futures contracts. The futures contract is designed to replicate the performance of being long the US Dollar against the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. |
If we look closely at some of the other momentum indicators like a stochastics or a price ROC, we would find a similar pattern.
US Dollar Index holding above support at 85. Failure would test primary support at 80, while recovery above 86.5 would test 88.5.
ADDITIONAL UUP INFORMATION RESOURCES:
US Dollar Index Futures Cash,Co (NYBOT: DX-Y.NYB)
===
Unless indicated otherwise: intraday data is at least 15 minutes delayed; mutual fund NAVs are updated at the close of every market day; all prices are in the local currency; Time is EST.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |