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| US Dollar Review |
The US Dollar Index's overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.
Subscriber Comments
It doesn't take much searching on the Internet to find some iteration of the Dollar is Dead narrative. It tends to be paired with #gold, #silver, or #Bitcoin is heading to the moon. The driving force for the demise of the dollar rang from hyperinflation to the fall of the petrodollar and rise of the petrol yuan. The latter argument, really fake news when compared to how markets actually trade, has been fully embraced by gold bugs and crypto zealots on social media. The argument that seems to trap every incoming generation is absolutely laughable in terms of what drives the world's core currency.
The majority talking bearish about the dollar is indirectly saying that the #Euro, #Yen, and Canadian Dollar, and other periphery currencies will soar as the dollar declines. We talk about this false assumption in the US Dollar Report. The wolf pack targets currencies like the layers of an onion.
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The majority assumes the Fed will cut rates aggressively to save the economy by sending the dollar tumbling down the elevator shaft. The majority is boldly selling the dollar without asking if the invisible hand agrees.
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