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Currencystrength

DXY continuing to push higherAnother strong day for the dollar index as the bulls push higher. We now wait patiently for the 200EMA to be tested. Is this fundamental data being priced in early? We have seen a volatile bond market recently and key economists predicting a strong dollar before the end of the year. We covered this in our last publish looking at the DXY and how we could be looking to set up in the coming weeks/months under a new Biden administration. Vaccination numbers also continue to rise across the US, prompting more economic upturn coupled with the continued stimulus package being received by a large percentage of American citizens. Biden has spoken about his plans, But where will the money come from? another $3trillion is going to be challenging.
Editors' picks
TVC:DXY
by Youza
10
AUD/JPY - Trade idea We are seeing minor strength in the AUD and continued weakness in the JPY so fundamentals are to the upside, therefore we look for technical entries in that direction. we are seeing minor consolidation now on the 1h timeframe, probably due to the AUD not being as strong as most currencies at the moment. So we will be interested in placing a trade when this consolidation is broken to the upside, possibly breaking previous high too, exhaustion then we would look for entry confirmation for a trade to our next major area of sell pressure.
Long
by Trade_Rocket_Investments
Could USD/JPY see a major move?With Biden due to sign a 1.9T stimulus package could we see major strength in the USD? and if we do which currency will see the biggest move? well the JPY has been consistently one of the weakest if not the weakest currency for a few weeks now so if we are going to see major strength in the USD id be placing my bests on USD/JPY being the biggest mover and having the most buy pressure enter the market, this could be a great opportunity to have an aggressive entry to the upside and trail our stop loss to make the most of this move, taking small profits at area of sensitivity.
Long
by Trade_Rocket_Investments
2
short-term bullish dollar play UUPThe dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness. It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line and let the other half ride. There have been some contrarian calls on Wall Street for a surprisingly strong dollar. UUP is a way to play the bullish dollar. I currently have a vertical call spread expiring 2/19 with the buy-strike being $24 and the sell-strike being $26.
AMEX:UUPLong
by EBITDAtiger
PHPUSD Outlookphilippines is struggling alot, offshore workers going back. so foreign remittance decreased alot. Tourism decreased by 75% + -, unemployment is going to keep going up and the government have to keep borrowing money from outside. GDP -16.5&, GNI -17%, Inflation 2.7% July 2020, trade exports: $5.33 p Imports: $6.63 p =balance of trade $-1.3p )fob value in billions(June 2020 stats), The country though, would benefit from a much weaker php, focus on more export, and you need to be price competetive, cut imports. Weaker php also means increased tourism boom once covid start normalizing. Just my thoughts.
Short
by MoneysharX
AUDCAD is going to CRASH DOWN! BloodhoundST!After analyzing Fish-qantum-pattern, 3D-triangule-pattern, Frequency waves, Ellipses, Trend, Currency strength ... etc... I've found this 'qantum-gravity-price-zone', and ... just don't let it go. Let's wait for #Bloodhound'sEffect! And #BePatient! "I just understood the quantum-universe and its extension, and I applied-it to trading (in collaboration with Sniper'sBrothers), I feel good to know that I was the first to develop Quantum-trading, Qantum-time-analysis and Qantum-patterns (in my first 3 months of trading, maybe I was born as a crack ...), with this, you have the market in your hands, basically... 5-17 hours a day of trading's study were worth it, although it almost killed me... but, I'm here now for breaking the market as always. We're going to change the history of trading so far". -JBPip #FirstQantumTrader Info: I don't use SL these SL are for reference. Correlations: AUDJPY, AUDUSD, AUDCHF, EURUSD, EURJPY, EURCHF. GBPJPY GBPUSD GBPCHF ...
Short
by JBPip
4
AUSTRALIAN "ETF" (PACIFIC CURRENCY COMPARISON)FIRST TRUST AUSTRALIA "ETF" Comparison with (local and near) currencies (with left scale details is % change) on Indonesia and Philippines) The specific currencies used in this study are all from “neighbors” and other islands in the Australian area. AUDJPY: Japan AUDHKD: Hong Kong AUDNZD: New Zealand AUDSGD: Singapore AUDCNY: China AUDPHP: Philippines AUDIDR: Indonesia Regarding local currency to the Australian it seems that New Zealand and Australia have kept very close relations finically over the past 10 years. The Australian Currency has been balanced in a unusually stable way with Indonesia and lost a little value with the Philippine Currency. The Australian Currency has weakened by about 25% against the Japanese Currency over the past 10 years even though the Japanese Currency is 100 to 1 or today about 65 to 1 (JPY to AUD). The Chinese Currency was given a ratio of 6 and today is about 4 for Chinese to Australian. However, Chinese Currency has been the most “stable” relative to AUD of all the other major regional currencies in terms of gradual expected changes. Australia has very little “quality forests” relative to China and many other parts of the Pacific Islands and is mostly desert even being contemptibly close to the equator and contemptibly close to so many rich wildlife and tropical nations and underwater “glaciers” like the great barrier reef. Australia maybe has not flooded its full diplomatic relations with the rest of Asia particularly with Singapore and Malaysia however most likely has close unrealized economic links with Indonesia with the relatively stable currency “relationship” of only +/- 10% while seeing a general devaluation against all the other currencies. By working as a “partner” rather than a competitor Australia can help everyone stabilize culturally however, having different “unconnected” indigenous populations may help too create new and different worlds of commerce. The main currencies to watch is actually Japan relative to Australian and also Indonesian and Philippines. The graphs get very complex if you add in Vietnam and Thailand and also Laos and Cambodia however, Vietnam is very important too because of its “extreme low value” and how this helps keep things stable in the mainland and creates a currency bubble for future new currencies. What I liked best was that the ETF’s focus was on utilities and basic materials and not consumer products. It maybe has a slightly higher consumer services than I would like but it is interesting to see the details of the components of FAUS ETF. Basic Materials 21.11% CONSUMER_CYCLICAL 7.57% Financial Services 9.43% Real Estate 16.69% Healthcare 5.77% Utilities 4.31% Communication Services 3.64% Energy 21.25% Industrials 10.22% Technology 0.00% They maybe could invest more into Australian Healthcare, Communications, and Industrials and a little less in Financial Services and possibly into new areas like Import/Export and Shipping because its so important in the ocean. Over the years there has been many fluctuations between 26 and 36 or about 20% year to year (around the sun) and the P/E ratio seems to be a little high a major revaluation of all the companies globally is and was needed. Hope this helps! :)
F
by idasuperman
THE END OF THE DOLLAR'S RESERVE CURRENCY STATUS!THE TREND REMAINS BEARISH, AND WILL COMPLETE ANOTHER LEG DOWN! A BOTTOM, HOWEVER, IS COMING, AND PETER SCHIFF'S THEORY ABOUT FOREIGN CURRENCIES STRENGTHENING AGAINST THE DOLLAR WILL BE PROVEN CORRECT! THE DOLLAR MILKSHAKE THEORY HAS BEEN PLAYING OUT FOR THE PAST DECADE AND WILL CULMINATE IN A FINANCIAL CRISIS AND A EURODOLLAR LIQUIDITY IMPLOSION! ONCE THIS IS ALLEVIATED THROUGH MASSIVE DOLLAR SUPPLY INFLATION, DOLLAR EXCHANGE RATES WILL SUFFER!
Long
by UnknownUnicorn4195243
5