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Yellen can not stop the dollar decline

Courtesy of Read the Ticker

yellen-can-not-stop-the-dollar-declinePrinting money results in a lower currency, so long as the currency does not fall too fast.

Previous Post: US Dollar Forecast – Weakness

Here are the very strong fundamentals for a lower US dollar: 

(a) US inflation exploding.
(b) Massive US twin deficits.
(c) Better conditions in Europe.

However French election worries in 2022 Q1 and Q2 may provide US dollar strength (via European weakness) after Christmas, but this strength may come after a low in the DXY near $84.  

It looks like Yellen knows a down swing in the US dollar is near because today she jaw bones strength into the US dollar.
 

…"It may be that interest rates will have to rise a little bit to make sure our economy doesn't overheat''…


Update1: Yellen Reverses Earlier Hawkish Comments Entirely, Says "I'm Not Predicting Anything"


Or maybe she does not mind standing on Powell toes to goose up the US dollar to allow her WallStreet friends to load up on risk on assets before the dollar sinks.

Dollar chart 1 – Fundamentals are bearish.


 

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DX2
 

Dollar chart 2 – Break down is near

 

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DX1
 

 

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Changes in the world are the source of all market moves, to catch and ride the change we believe a combination of Gann AnglesCyclesWyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is available to members. Sign up to enjoy the full service.

NOTE: readtheticker.com does allow users to load objects and text on charts, however, some annotations are by a free third party image tool named Paint.net

Investing Quote…
 

…"All a man needs to know to make money is to appraise conditions."…
Jesse Livermore

.."If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks"..
John (Jack) Bogle

..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
Bernard Baruch

…"The four most dangerous words in investing are 'This time it's different' "…
John Templeton

…“To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”…
Martin Zweig

 


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