US Dollar gotta be number 1 once again
We all know how the US loves to be number 1 in the world. But recently it has been dumping hard... why?! Well because of a number of factors:
1. War - Ukraine, Palestine
2. Economic warfare between China and US
2a) its so obvious with the 100% tariff imposed on China imported EV cars...
3. Inflation caused by the US printing 5 Trillion Dollars during covid, and now we are facing the after effects of it when business is back to usual.
4. Bitcoin Halving event
So what does this mean for the US dollar?
US dollar is so important to the world because it holds control over certain countries ability to do trade, and the US ability to sanction a country if they do naughty things or things the US doesn't want them to do. So inorder to do that they must have the US currency to be a dominant currency that everyone values and wants to hold and use.
My thoughts in the short term, once the interest rates start dropping in the US every XXXUSD pair is going to get smashed to all time lows. Thats why I'm Bearish on all XXXUSD pairs.
1. War - Ukraine, Palestine
2. Economic warfare between China and US
2a) its so obvious with the 100% tariff imposed on China imported EV cars...
3. Inflation caused by the US printing 5 Trillion Dollars during covid, and now we are facing the after effects of it when business is back to usual.
4. Bitcoin Halving event
So what does this mean for the US dollar?
US dollar is so important to the world because it holds control over certain countries ability to do trade, and the US ability to sanction a country if they do naughty things or things the US doesn't want them to do. So inorder to do that they must have the US currency to be a dominant currency that everyone values and wants to hold and use.
My thoughts in the short term, once the interest rates start dropping in the US every XXXUSD pair is going to get smashed to all time lows. Thats why I'm Bearish on all XXXUSD pairs.
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