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  • US Dollar – Will Buyers Return in August?

    From bkassetmanagement.com

    July was a very difficult month for the US dollar. The greenback sold off sharply against all of the major currencies hitting multi-month / multi-year lows in the process. In one month, it lost 6% of its value against sterling, 5% versus the euro and more than 4% against the Swiss Franc and Australian dollars. From rising coronavirus cases, falling yields, expiring stimulus benefits, domestic turmoil, an unpredictable President and political tensions with many countries around the world, investors had plenty of reasons to abandon the greenback. The nail in the coffin on Thursday was President Trump’s suggestion to ... (full story)

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  • Comment #1
  • Quote
  • Jul 31, 2020 8:53pm Jul 31, 2020 8:53pm
  •  4for4
  • | Joined Apr 2017 | Status: 38737526 / 29052019 | 269 Comments
Why not? The risk-off basket already has 3 instruments on its side ... Will Nasdaq follow suit soon?
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Market is not random but unpredictable
 
 
  • Comment #2
  • Quote
  • Aug 1, 2020 2:53am Aug 1, 2020 2:53am
  •  Fredo219
  • | Joined Aug 2019 | Status: Member | 6 Comments
They are here already
Patience.....
 
1
  • Comment #3
  • Quote
  • Aug 1, 2020 3:20am Aug 1, 2020 3:20am
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting Fredo219
Disliked
They are here already
Ignored
It won’t be easy. However, according to some economists, the worst problems for the US dollar are past, while the situation in other countries and continents is somewhat worsening again especially in U.K. Germany and Europe generally.
EUR is on the way down. Gold is on the way down. For all I know these can be false moves, but they can be a hint for a stronger US dollar as well. Besides, the only effective and approved COVID-19 medicine is already on mass production and is produced in USA. Believe or not, USA will supply itself first before start worldwide distribution. This alone will make the dollar fly.

Just my opinion.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
3
  • Comment #4
  • Quote
  • Aug 1, 2020 4:53am Aug 1, 2020 4:53am
  •  TraderTero
  • Joined Apr 2017 | Status: Member | 1038 Comments
Quoting NotAtrader
Disliked
{quote} It won’t be easy. However, according to some economists, the worst problems for the US dollar are past, while the situation in other countries and continents is somewhat worsening again especially in U.K. Germany and Europe generally. EUR is on the way down. Gold is on the way down. For all I know these can be false moves, but they can be a hint for a stronger US dollar as well. Besides, the only effective and approved COVID-19 medicine is already on mass production and is produced in USA. Believe or not, USA will supply itself first before...
Ignored
Which medicine are you referring to?
AceFx.com 6.0 EA All Time Return: 59.3%
 
 
  • Comment #5
  • Quote
  • Aug 1, 2020 5:00am Aug 1, 2020 5:00am
  •  Guest
  • | IP XXX.XXX.226.215
And yesterdays close formed bullish engulfing pattern and that too on lows, so i would say, dxy, its time.
 
 
  • Comment #6
  • Quote
  • Aug 1, 2020 5:56am Aug 1, 2020 5:56am
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting TraderTero
Disliked
{quote} Which medicine are you referring to?
Ignored
https://www.bbc.com/news/world-us-canada-53254487
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
2
  • Comment #7
  • Quote
  • Aug 1, 2020 7:14am Aug 1, 2020 7:14am
  •  TraderTero
  • Joined Apr 2017 | Status: Member | 1038 Comments
Quoting NotAtrader
Disliked
{quote} https://www.bbc.com/news/world-us-canada-53254487
Ignored
Not significant as you can treat max 100,000 patients with 500,000 doses and it is not a cure. The purchase also probably harmed the US international relations: "The trial that gave the result that allowed remdesivir to sell their drug wasn't just done in the US. There were patients participating through other European countries, in the UK as well, and internationally, Mexico and other places," Oxford University's Prof Peter Horby told BBC Radio 4.

He said the move also had implications for any possible future vaccine, with the need for "a much stronger framework if we are going to develop these things and they're going to be used for national emergencies".

Senior Sussex University lecturer, Ohid Yaqub, said: "It so clearly signals an unwillingness to co-operate with other countries and the chilling effect this has on international agreements about intellectual property rights."

The real game changer will be a vaccine and there AstraZeneca seems to be in a good position.
AceFx.com 6.0 EA All Time Return: 59.3%
 
 
  • Comment #8
  • Quote
  • Aug 1, 2020 7:38am Aug 1, 2020 7:38am
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting TraderTero
Disliked
{quote} Not significant as you can treat max 100,000 patients with 500,000 doses and it is not a cure. The purchase also probably harmed the US international relations: "The trial that gave the result that allowed remdesivir to sell their drug wasn't just done in the US. There were patients participating through other European countries, in the UK as well, and internationally, Mexico and other places," Oxford University's Prof Peter Horby told BBC Radio 4. He said the move also had implications for any possible future vaccine, with the...
Ignored
No doubt vaccine will be stopper of it, but that was not the point. Remdesivir is a cure and it is documented and the only available at the moment. Until vaccine is found, tested and approved (which may take another 6 to 12 months), remdesivir is the only alternative and it is produced in USA and USA has reserved the first priority for buying all it need for domestic needs before worldwide distribution will be allowed? That was my point and my point is supported by many sources on the internet.

However, the topic is not about that. The topic is about the US dollar strength and I think it is extremely difficult to say what will happen short term. Long term however, the US dollar will recover and regain its strength and remain as the world reserve currency.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
1
  • Comment #9
  • Quote
  • Aug 1, 2020 10:42am Aug 1, 2020 10:42am
  •  oundar
  • | Joined Jun 2012 | Status: Member | 17 Comments
Not vaccine, not FeD not trends with lots of friends.

ECB won’t let EUR to be overvalued. They have limit not too far from 1.20. Since Mario Draghi times to present it’s very clear ECB policy to not let EUR overvalued. So, this is your (whoever reading this) valuable information; ECB won’t let EUR to be overvalued (though I don’t know their limits but I can say somewhere between 1.20-1.22). Just search Draghi s comments about EUR and you will understand clearly what I am saying.
Its not an advice and sorry for grammar.
 
1
  • Comment #10
  • Quote
  • Aug 1, 2020 11:36am Aug 1, 2020 11:36am
  •  TraderTero
  • Joined Apr 2017 | Status: Member | 1038 Comments
Quoting NotAtrader
Disliked
{quote} No doubt vaccine will be stopper of it, but that was not the point. Remdesivir is a cure and it is documented and the only available at the moment. Until vaccine is found, tested and approved (which may take another 6 to 12 months), remdesivir is the only alternative and it is produced in USA and USA has reserved the first priority for buying all it need for domestic needs before worldwide distribution will be allowed? That was my point and my point is supported by many sources on the internet. However, the topic is not about that. The topic...
Ignored
Remedesvir is a treatment, not a cure.
https://www.bioeden.com/uk/?news=treatment-cures-therapy-types

https://scopeblog.stanford.edu/2020/06/29/how-remdesivir-works-and-why-its-not-the-ultimate-coronavirus-killer/

IMO USD will get stronger but this has nothing to do with Remedesvir and USA buying all of it without considering the needs it allies might have.
AceFx.com 6.0 EA All Time Return: 59.3%
 
1
  • Comment #11
  • Quote
  • Edited 2:33pm Aug 1, 2020 12:44pm | Edited 2:33pm
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting TraderTero
Disliked
{quote} Remedesvir is a treatment, not a cure. https://www.bioeden.com/uk/?news=tre...-therapy-types https://scopeblog.stanford.edu/2020/...avirus-killer/ IMO USD will get stronger but this has nothing to do with Remedesvir and USA buying all of it without considering the needs it allies might have.
Ignored
WTH mate you are picking up irrelevant details with low or none significance from all comments just to make your own case of this. What is the aim? That is completely unnecessary imo.

Anyways, some call it cure, other call it drug, while third call it treatment, but this is completely irrelevant for the story we discuss.

Here for example:

https://theconversation.com/is-remde...-up-yet-137592

they call it cure and it is a cure because it does cure the decease and not only improves the life quality of the patient. The article is written and approved under cooperation with GILEAD, the producer of the drug, yet the people behind the article are mixing and confusing cure and treating with each other. So this is hardly a big deal and in any case not for us to discuss.

Said that, if remdesivir cures the whole American nation, while the rest of the world is put on hold, it is a clear advantage to the U.S. economy, which definitely has something to do with U.S. buying all of it and with strength of the dollar.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
1
  • Comment #12
  • Quote
  • Aug 1, 2020 4:27pm Aug 1, 2020 4:27pm
  •  barkie
  • | Joined Mar 2014 | Status: Member | 1647 Comments
Quoting NotAtrader
Disliked
{quote} WTH mate you are picking up irrelevant details with low or none significance from all comments just to make your own case of this. What is the aim? That is completely unnecessary imo. Anyways, some call it cure, other call it drug, while third call it treatment, but this is completely irrelevant for the story we discuss. Here for example: https://theconversation.com/is-remde...-up-yet-137592 they call it cure and it is a cure because it does cure the decease and not only...
Ignored
So you're saying the US bought some garbage and now the dollar goes up ?
 
1
  • Comment #13
  • Quote
  • Aug 1, 2020 10:00pm Aug 1, 2020 10:00pm
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting barkie
Disliked
{quote} So you're saying the US bought some garbage and now the dollar goes up ?
Ignored
No. What I’m saying is, I just don’t get it how could U.S. miss the fact that we have “barkie” such an expert here. Man all these bioengineers and health experts really have no idea what they are doing. I mean they should absolutely ask you before they bought this garbage. This is what I call idiots. You make me a proud member of this forum man.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
1
  • Comment #14
  • Quote
  • Aug 2, 2020 3:30am Aug 2, 2020 3:30am
  •  Ojiego
  • | Joined Jan 2015 | Status: Critical Source | 1011 Comments
Quoting barkie
Disliked
{quote} So you're saying the US bought some garbage and now the dollar goes up ?
Ignored
Barkie.... I still cannot understand how people call vaccination a medicine, a cure, a treatment etc. Do they not understand the fundamentals behind vaccination?!?! Jeez!! Call a so-called Virologist to tell you what a virus is, he/she pauses and begins to describe a dying cell of the body!!
 
 
  • Comment #15
  • Quote
  • Aug 2, 2020 6:10am Aug 2, 2020 6:10am
  •  NotAtrader
  • Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Quoting Ojiego
Disliked
{quote} Barkie.... I still cannot understand how people call vaccination a medicine, a cure, a treatment etc. Do they not understand the fundamentals behind vaccination?!?! Jeez!! Call a so-called Virologist to tell you what a virus is, he/she pauses and begins to describe a dying cell of the body!!
Ignored
Could you please specify where did you get that from?! I cannot see where and who in this topic was talking about vaccine putting it in the same category with cure.
If you think you are a smart and educated guy, you should at least consider the fact that there are other guys around here who are at least equally smart and educated as you are.

One thing everyone should learn from being an internet debater - assuming that people around you are stupid, only shows how stupid you are yourself.

As for the terminology:
Medicine/medication is every kind of drug which has generally something to do with your health when applied.

Treatment medicine is the one applied mostly to chronic deceases which are pronounced as none-curable deceases. Those are applied as a treatment for the symptoms of the decease and for improving the quality of life of the patient. (Example psoriasis, asthma, arthritis, autoimmune deceases).

Cure(s) are applied to deceases that are pronounced as curable decease and are applied to patients with a decease which is a curable decease.

Here is something quite important to put a mark on:
Some curable deceases can turn bad and transform to none-curable/chronic decease if not cured properly or cured with a wrong cure. Thus if remdesivir was not capable of properly and fully curing the COVID-19, it would not be used for that purpose as it would turn the decease to chronic which would definitely be the end of the patient’s life. Don’t you think the people working in GILEAD know what they do?!
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
 
 
  • Comment #16
  • Quote
  • Aug 3, 2020 12:35pm Aug 3, 2020 12:35pm
  •  ww3361
  • | Joined Jun 2012 | Status: Member | 568 Comments
There’s some real garbage posted here. NotATrader, i’m NotImpressed.
 
 
  • New Comment
  •  Guest
  • | IP XX.XXX.230.154
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  • Story Stats
  • Posted: Jul 31, 2020 3:55pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 16  /  Views: 8,721
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