Loading ...US Dollar READY FOR ANOTHER LEG DOWN ? GOLD UP ?
The Fed needs to create inflation in the form of higher import prices.
You can bet a cheap dollar will be on the agenda Sept. 4, 2016, when the G-20 Leaders meet in
Hangzhou, China.
The easiest way to get inflation is to cheaper the dollar. If the dollar goes down, you can bet that other three forms of money will go up :
the yen, the euro and gold.
If you look at this chart of UUP, we reach the cloud and the UO seems to be ready to rollover. Just waiting for confirmation
I agree with you…uup hit my median line and rolling over nicely…
http://stockcharts.com/h-sc/ui?s=UUP&p=120&yr=0&mn=6&dy=0&id=p94166480267&a=458222864&listNum=15
Yes, unfortunately the Yuan is ‘pegged’ to it.
These genius’s “need” to get inflation up in an index (CPI) that they have statistically engineered to keep inflation out. Simply brilliant.
They keep moving the goal posts but wait after the election …