You asked where the double bottom is. I showed it on a chart. You think it is a losing pattern, so I dared you to short the pattern, because you seem to think the USD is doomed. That's all it was. I am not drunk, and not a scrub. In fact, I am picking on the "classical TA" thing in a way, because that is what classical TA is. Find a double bottom, top, BO, etc and roll with it. Sorry you took it personally. The classic patterns do work at times. But to think the USD is going to shudder and collapse below that line is folly IMHO.
“Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars' worth of groceries. Today, a five-year-old can do it.”
Now you're talking legitimate macro econ. Stop confusing the rubes on this thread with actual intelligent discussion that requires a modicum of background in the subject, that's just not nice
I can't help but notice you seem to accuse everyone who points out the fallacies in your posts of being drunk. Some serious projection going on there? Let me guess, I must be drunk as well for pointing that fact out?
It wouldn't be the first time the US devalued its currency to spruce up its exports and liven its economy. Generally happens after a national election.
Typical radical lefty posturing. If you don't agree with them you are wrong. When you quickly and easily disarm their talking points they move to further verbal diarrhea through loud yelling and more falsities. Amusing really. (And yes I realize this wasn't a political spat - just making a point).
For 1 of my strategies, US dollar ate up 40% of my absolute returns and 50% of my risk-adjusted returns from September. I decided to hedge my foreign exposure to US dollars.