I guess it is safe to say that SW works even in a Pandemic
these are once in a decade moves we are seeing, just remember the market can take it back just as quickly
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Thanks for the information
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As the Currencies stand in order today, Dennisās (or anyone else) would you think that this is maybe the real strong to weak order of the eight majors minus the pulling and pushing, manipulating and churning from Global Banks, LPās etcā¦
The so called real world order in strength of Currencies? Interested in some input on thisā¦
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I would expect JPY to remain strong throughout the month, as I would also expect little change in the bottom three. Until this black swan event works its self out world markest are in for a tough time
Fed rate cut is what is hurting the US dollar otherwise it would be up with JPY, watch for more rate cuts from other countries
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Yen is the currency of safety no doubt about that
USD is a safe haven but the Fed will keep it weaker then the yen with interest rate cuts
CHF can be a safe haven but watch out for rate cuts
EUR is in a death spiral it is just a question of how long will the Germans keep breathing life into it
GBP in a few years the Briext supports will be proven right,
CAD this is all about oil prices
AUD and NZD are in big trouble, their economy is too closely tied to China, a recession in China could spell a Depression in AUD
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Thanks for your insight Dennis, Iām late to the party with regard to Currencies, so your more knowledgeable input is appreciatedā¦
I can confirm AUD and NZD are in troubleā¦ I have been saying for weeks we are goneā¦ Both economies were already weak. Exposure to Chinaās shutdown and the Pandemic is the perfect storm.
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forget what I said earlier this market is heading lower, AUD is in big trouble
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Banking stocks have had nearly 40% wiped off in the last 2 weeksā¦ This is really starting to biteā¦
0% Interest Rates (or lower) are a certaintyā¦ Assets become liabilitiesā¦ Liabilities become assetsā¦
Internationally, Deutsche and HSBC Banks SPās are sliding badlyā¦
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We had a wild week, Friday was a big reversal but we have seen that before, Monday should give us a better clue if the markets have stabilized or will the wild ride continue
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Does everyone calculate all of these %'s everyday manually or is there some sort of indicator that does it for you? I honestly have no idea how to do this manually. I read the post that explains how the strengths are calculated but I still donāt know how to do it. Sorry for the newbie question.
You can visit the thread daily where Dennis has kindly been providing the info for years.
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Thanks for always doing these Dennis. They certainly do help me locate trends easily.
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Ohhh thatās not so good
I have been through dot.com bust, 9/11 and 2008 financial crisis and none of those come close to what we are seeing today, pretty scary stuff
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This is getting down right nasty nowā¦ the virus toll on the predominantly elderly is enormousā¦
The economic repercussions from, quarantines, shutdowns and travel limitations will be catastrophic.
It feels like the days after 9/11 when the world frozeā¦ this will be played out over weeks and months.
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I agree itās very generous of him to post them here everyday, but wouldnāt it be much more helpful to teach us how to calculate those strengths on our own?
Sharing a helpful live quotes tool, you can select JPY as the single currency.
US dollar is on the move
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