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  • Deutsche Bank warns that investors are souring on the US dollar because of a spike in US coronavirus cases

    From markets.businessinsider.com

    Investor fears of a second wave of coronavirus have caused "multiple cross-currents" for currencies, and demand for the US dollar may be in decline, Deutsche Bank's Sameer Goel, chief Asia macro strategist, told CNBC on Monday. The US dollar has long been regarded as a default safe-haven currency because it is the reserve domination for international business deals. In times of market volatility, investors and traders convert their cash holdings into dollars for long-term protection. During worldwide coronavirus lockdowns, investor demand for the US dollar soared, but that demand now seems to be waning, Goel said. ... (full story)

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  • Post #1
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  • Jun 22, 2020 2:35pm Jun 22, 2020 2:35pm
  •  obeduche
  • | Joined Dec 2018 | Status: Trader | 21 Comments
How true is it that inexperienced 'zombie investors' are fueling a stock-market bubble.
 
 
  • Post #2
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  • Jun 22, 2020 3:13pm Jun 22, 2020 3:13pm
  •  rafnat
  • | Joined May 2020 | Status: Member | 14 Comments
Seems like a market manipulation right now because the news says something about last week.
 
 
  • Post #3
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  • Jun 22, 2020 5:58pm Jun 22, 2020 5:58pm
  •  seaman2
  • | Joined Feb 2013 | Status: Member | 625 Comments
yeah, usd looks toast, regardless of fed and its little man in black suits that manipulate usd supply.

let me guess, germany is next that will join Russia,china, iran, couple others in gold hoarding. And then one can expect ex-german vassals following the leader.

see if us will intervene.
 
 
  • Post #4
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  • Jun 22, 2020 8:01pm Jun 22, 2020 8:01pm
  •  LDFX
  • Joined Jul 2012 | Status: Member | 113 Comments
Well, nothing beats technical analysis.

But we can’t argue that after the bad fundamental news on corona spread hitting records over the week end, one would have thought that all the risk off currencies (safe haven) would have surged, yet the jpy and usd dropped, but chf still was strong and gold yet volatile gained ground, surprising and confusing to say the least.

Anyway given technicals I am bullish NZDJPY and EURUSD, GBPJPY being the strongest bullish so far..., I wasn’t expecting that at all.
 
 
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  • Posted: Jun 22, 2020 2:11pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 4  /  Views: 3,780
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