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  • Dollar Crashes After Trump Tells WSJ The "Dollar Is Getting Too Strong", Prefers Low Rates

    From zerohedge.com

    It was bound to happen sooner or later: having flipflopped on virtually everything else, moments ago, in an interview with the WSJ, Trump also backtracked on his strong-dollar policy and in an interview with the WSJ, has said that the "US dollar is getting too strong", that the "strong dollar will ultimately hurt the US', and as a result, he preferes a low interest rate policy. The headlines from Dow Jones: TRUMP SAYS IN WSJ INTERVIEW STRONG DOLLAR 'WILL HURT ULTIMATELY' THE U.S., MAKES IT VERY HARD TO COMPETE PRESIDENT TRUMP: U.S. DOLLAR 'IS GETTING TOO STRONG' TRUMP SAYS HE PREFERS LOW INTEREST RATE POLICY TRUMP ... (full story)

It is so hard to trade.... So much going on.
Buy at the Low, Sell at the High You make money by waiting not by trading.
Crashes? Sliiiight exaggeration there... too much sensationalism these days
Trump is in a mess... because the Strong Dollar is also connected to strong Stock market.. So a weak dollar will lead to a roll over in stock market. If he weakens the dollar SP500 crashes...

Assorbing the move in US dollar will lead the US30 from the current 20.000 to 17.000... a 3.000 point fall.. Good luck trump
Buy at the Low, Sell at the High You make money by waiting not by trading.
so who's the currency manipulator now?
Oh Drumpf, you're so disgusting. But you keep making me money.
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I believe that there is no manipulation, the stock market boom is mainly hot money coming to America...

Strong Dollar == Strong stock market

Weak Dollar == Weak stock market.
Buy at the Low, Sell at the High You make money by waiting not by trading.
Quoting Lacunoide
Trump is in a mess... because the Strong Dollar is also connected to strong Stock market.. So a weak dollar will lead to a roll over in stock market. If he weakens the dollar SP500 crashes... Assorbing the move in US dollar will lead the US30 from the current 20.000 to 17.000... a 3.000 point fall.. Good luck trump
What are you even saying? Weak dollar is good for US export businesses. That's most of the SP500 and the whole US30. Weak dollar means strong indices
It just panic reaction. But surely FF should update the calendar (TRUMP) (HIGH IMPACY EXPECTED) (ANYTIME)
Self discipline It is a practice
Quoting BDBaby
Oh Drumpf, you're so disgusting. But you keep making me money.
yes, keep em coming trump
"If you run, you'll only die tired." - Sniper's philosophy
Quoting Lacunoide
{image} {image} I believe that there is no manipulation, the stock market boom is mainly hot money coming to America... Strong Dollar == Strong stock market Weak Dollar == Weak stock market.
Wrong mate
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
Quoting alexpi
{quote} What are you even saying? Weak dollar is good for US export businesses. That's most of the SP500 and the whole US30. Weak dollar means strong indices
Exactly
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
I was short USD/JPY, so that helps I guess.
Why wasnt this on the FF News timeteable?
Since when has Wall Street done the President's bidding? It's more to do with JPY strength than USD weakness in my mind. Yellen (and most of the Fed) wants to raise rates a couple more times this year, Trump wants the continuation of the low interest policy...let battle commence.
Quoting okshop
It just panic reaction. But surely FF should update the calendar (TRUMP) (HIGH IMPACY EXPECTED) (ANYTIME)
;D Yes! Thought that too but not so cleverly!
Blatant Currency Manipulation.
Wonder if Gerard Baker,Carol E. Lee and Michael C. Bender had a flutter on their own story? LoL
Headline says flipflop but The Donald has been saying all along USD too strong. Guess zerohedge writing his article from the beach wearing flip-flops, or, he does not understand American Slang??
Ecclesiastes 1:9
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TRUMP .... can move market with one comment... better than fundamental...
High interest rates means less money in circulation, which also means it becomes more expensive in trade. Trump wants more money in circulation to boost growth, especially with the possibility of putting forth an enormous infrastructure bill in the not too distant future, so naturally he wants the dollar to stay at the same interest levels.

Of course Trump should not be tweeting these kinds of things in public to rile the markets into a frenzy, it looks rather hypocritical on his part especially considering he was on record of accusing China as being a currency manipulator.
Typical of the US to tell others not to do something then go and do it themselves....
Quoting newbegger
Headline says flipflop but The Donald has been saying all along USD too strong. Guess zerohedge writing his article from the beach wearing flip-flops, or, he does not understand American Slang??
Or he works for CNN. The article starts having flipflopped on virtually everything else......Sounds like CNN to me. I should've voted for Hillary. lmao.
The manipulation of currency price through strategically timed political comments on exchange levels before a holiday weekend plus comment on future Fed appointments is open to significant corrupt insider exploitation, by anybody with prior knowledge or involved in or at the at source publication of such comments. Such advantage could be executed with even a couple of minutes prior knowledge.
Quoting cliffedwards
The manipulation of currency price through strategically timed political comments on exchange levels before a holiday weekend plus comment on future Fed appointments is open to significant corrupt insider exploitation, by anybody with prior knowledge or involved in or at the at source publication of such comments. Such advantage could be executed with even a couple of minutes prior knowledge.
And the point is what? The Swiss do it, the Japanese do it, the Chinese do it. The banks do it. Part of your strategy must include the fact that you know it's manipulated.
Quoting pipmaster77
{quote} And the point is what? The Swiss do it, the Japanese do it, the Chinese do it. The banks do it. Part of your strategy must include the fact that you know it's manipulated.
The banks you mentioned physically manipulate the currency, worse that just talk. All the rest such as FED, ECB, RBA, RBNZ, just talk their currency down. I no longer trade in CHF or JPY pairs because manipulation, need to be an insider to get an trading edge. Never have and probably never will touch Renminbi because it's a managed currency.
Ecclesiastes 1:9
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  • Posted: Apr 12, 2017 3:33pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 24  /  Views: 9,903