Social Media Posted March 31, 2023 Share Posted March 31, 2023 Link to comment Share on other sites More sharing options...
Social Media Posted March 31, 2023 Author Share Posted March 31, 2023 Link to comment Share on other sites More sharing options...
Popular Post Eloquent pilgrim Posted March 31, 2023 Popular Post Share Posted March 31, 2023 Garbage 1 1 2 Link to comment Share on other sites More sharing options...
ozimoron Posted March 31, 2023 Share Posted March 31, 2023 (edited) The US has been dumping since September. The Aussie is close to a low of 0.66c which it has frequently defended in the past aside from a brief notable run down to 0.50c. That would indicate a further decline in the US coming. At the end of the 70's the AUD was worth more than the US and at least once since. AUD is pushed by gold prices to some extent and gold is likely to rise if there's a US recession. Some economic fundamentals like inverted bond yields with the 10 year at critical levels of support don't bode well for the US I think. Failure of the US to hold this level of support might be ominous and might portend a recession coming. The gold bugs are suggesting that gold might get a lot more expensive later this year and further. This is the DXY for the past year. Edited March 31, 2023 by ozimoron 1 Link to comment Share on other sites More sharing options...
Popular Post Mac Mickmanus Posted March 31, 2023 Popular Post Share Posted March 31, 2023 10 minutes ago, Eloquent pilgrim said: Garbage Great to hear that , I was a bit worried there for a minute 4 1 Link to comment Share on other sites More sharing options...
ozimoron Posted March 31, 2023 Share Posted March 31, 2023 (edited) Gold seems to be on a steady roll since August 2022 to now which also needs a low US dollar. About 1950 is support and 1900 below that. Edited March 31, 2023 by ozimoron Link to comment Share on other sites More sharing options...
ozimoron Posted March 31, 2023 Share Posted March 31, 2023 Possible hidden bullish divergence on gold over the past couple of weeks, also not good for the dollar if this plays out. Link to comment Share on other sites More sharing options...
nigelforbes Posted March 31, 2023 Share Posted March 31, 2023 1 hour ago, ozimoron said: The US has been dumping since September. The Aussie is close to a low of 0.66c which it has frequently defended in the past aside from a brief notable run down to 0.50c. That would indicate a further decline in the US coming. At the end of the 70's the AUD was worth more than the US and at least once since. AUD is pushed by gold prices to some extent and gold is likely to rise if there's a US recession. Some economic fundamentals like inverted bond yields with the 10 year at critical levels of support don't bode well for the US I think. Failure of the US to hold this level of support might be ominous and might portend a recession coming. The gold bugs are suggesting that gold might get a lot more expensive later this year and further. This is the DXY for the past year. The US has been dumping since September, really! 1 Link to comment Share on other sites More sharing options...
ozimoron Posted March 31, 2023 Share Posted March 31, 2023 6 minutes ago, nigelforbes said: The US has been dumping since September, really! That's what the chart says. Link to comment Share on other sites More sharing options...
Popular Post 3NUMBAS Posted March 31, 2023 Popular Post Share Posted March 31, 2023 who would want to rely on rubles or renimbi ..junk status 1 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted March 31, 2023 Share Posted March 31, 2023 35 minutes ago, ozimoron said: Possible hidden bullish divergence on gold over the past couple of weeks, also not good for the dollar if this plays out. If it goes higher like 35k Thb per 1baht of gold I will sell the 100 2 baht bars I have stocked up on over the last few years and invest in Chinese fortune cookie companies ...... 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted March 31, 2023 Share Posted March 31, 2023 If USD tanks—will take other western currencies down with it. Say goodbye to western tourists, exports and expats. Link to comment Share on other sites More sharing options...
nigelforbes Posted April 1, 2023 Share Posted April 1, 2023 11 hours ago, ozimoron said: That's what the chart says. I don't think it says that at all! I think what that chart says is that USD has strengthened against AUD, and against almost every other currency, for much of that year. I'm sure some investors will have traded but that applies to investors in every currency, not just AUD. Link to comment Share on other sites More sharing options...
Pique Dard Posted April 1, 2023 Share Posted April 1, 2023 11 hours ago, nigelforbes said: The US has been dumping since September ...the beginning of the end of the us hegemony? Link to comment Share on other sites More sharing options...
nigelforbes Posted April 1, 2023 Share Posted April 1, 2023 2 minutes ago, Pique Dard said: ...the beginning of the end of the us hegemony? There's no viable alternative at this point. 1 Link to comment Share on other sites More sharing options...
Caldera Posted April 1, 2023 Share Posted April 1, 2023 I'm happy to announce that I still accept the US Dollar. "The World" can send all of the dollars it wishes to dump to me. 1 Link to comment Share on other sites More sharing options...
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