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  • The US dollar is surging — and that could soon place an 'unbearable burden' on the oil market, analyst says

    From cnbc.com

    The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world's two largest economies, an analyst told CNBC on Monday. Investors are currently seen weighing bullish factors that include potential supply disruptions to Iranian crude exports against more bearish indicators, such as broad greenback strength and a ramp-up in production by OPEC and its allied partners. "There are lots of variables in the oil market, the most important of which is Iran. If 1 million barrels per day or more of ... (full story)

Trump tweet in 3 ... 2 ...
  • Post #2
  • Quote
  • Edited at 12:26pm Aug 13, 2018 12:06pm | Edited at 12:26pm
time to leave forex market permanently for me. bye all
Quoting minaung
time to leave forex market permanently for me. bye all
we will miss you
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When there is a series of illogical things, it means that the process is coming to the end of some trend.
Strong dollar is bad for US economy in general.Could send us back to recession.Higher consumer goods, less capital gains, because of high interest rates translates less business expansion and less job created not exactly a receipt for economic growth.
Worst case scenario USD dominating every country then finding itself not being able to sell anything because of good being too expensive and not competitive.
I hope Trump starts talking the dollar down and put a lid on Feds irrational rate increase frenzy before we find ourselves holding the empty brown bag..
strong dollar is not that bad for us economy because around 70% of us gdp is personal consumption. since imports are more sensible to exchange rate changes than exports due to the structure of the us economy, fed is right on rising rates in order to fight inflation, keeping/increasing purchasing power. with labour market near full employment (under us specific methodology in counting unemployment), fed has no other choise but rate hikes in order to fulfill itīs mandate. the best thing trump could do is to end trade wars which will harm us industry because of disturbed supply chains and toll reactions of the trade partners. trade wars know no winners.
We see a couple of big fig movements in the Euro and there is cry for US dollar is too strong .

If you think a few big figs on Euro is going to break the US economy then you're in the wrong business.
Quoting Davit
Strong dollar is bad for US economy in general.Could send us back to recession.Higher consumer goods, less capital gains, because of high interest rates translates less business expansion and less job created not exactly a receipt for economic growth. Worst case scenario USD dominating every country then finding itself not being able to sell anything because of good being too expensive and not competitive. I hope Trump starts talking the dollar down and put a lid on Feds irrational rate increase frenzy before we find ourselves holding the empty...
Davit,

Great points and I totally agree with you. The purpose of the 'tweets' and comments and the temporary strong dollar are to place pressure on these countries to change their trade practices.
The US economy is not experiencing a strong dollar because it is run well. Other economies are simply destroying themselves at a quicker rate than anticipated.
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  • Story Stats
  • Posted: Aug 13, 2018 9:17am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 9  /  Views: 3,254