Another 48h - It Was A Good Week For The DXY Price Action for TVC:DXY by Devise2Day

Another 48h - It Was A Good Week For The DXY Price Action

2024/12/14
Another 48h - It Was A Good Week For The DXY Price Action
“our uptrend channel seems to be delivering what it promises!
also on this wednesday during the us interest rate decision?”

It's all about - who decides the budget?
And/Or after this decision who gets how much?
Monetarily materially, there is nothing more existential!
That's it - the reason why there has been no reason to buy for days & weeks. Traders and/or investors tend to sell more. Vice versa the is rising. What if Germany and France no longer lead in an exemplary manner in mainland Europe, with regard to the EU and the euro? Who then? So far, our two nations have always been something like the engine that wanted to put everything together in Brussels and/or based on that, wanted to organize it politically here in Europe. But currently the crisis is getting bigger before the beginning of 2010 - because today we are once again where we were together in 2010. But with more debt - failed policies, meanwhile after 14 years (since 2010).

At the traditional transfer of power on Friday, the french centrist, even the new Prime Minister François Bayrou, assured during the ceremony that he would “ignore nothing about the Himalayas that lie before us and all the difficulties of all kinds” and promised to “hide nothing, neglect nothing and leave nothing aside”. And this came a day after rating agency Moody's downgraded France's credit rating, saying "the country's political fragmentation is not conducive to a rapid recovery of public finances." Which is why today François Bayrou also received the Governor of the Bank of France, François Villeroy de Galhau. Which is just a reflection of the monetary policy and/or budget policy crisis in France. Because without a majority in Parliament, the Prime Minister now has to deal with the composition of his government, which should be compact and dominated by experienced personalities. The 73-year-old head of government has to deal with an assembly that can overthrow him at any time, a political theater that fits perfectly into the current political climate in our so-called West. Better than everyone involved in France, in Germany, in our so-called West, would have wished for - but that was and is the political consequence of the politics of the last few years, even since 2010. Because when the voices of the Left unite with those of the National Assembly, as with the motion against Michel Barnier, his political existence is over as quickly as it began. On the political right, the Republicans have made their participation in government dependent on the “project” that the new Prime Minister François Bayrou will present to them. Which is why the LR MEP François-Xavier Bellamy warned with the words: “We will not deny ourselves.” And named immigration, security, agriculture, taxes and the country’s debt as priorities for his party. As expected, Marine Le Pen's New Popular Front will once again not take part in this government. However, many on the left-wing LFI appear to be divided in public about the extent of the criticism of François Bayrou. LFI will therefore submit a motion of censure as soon as possible, with its coordinator Manuel Bompard describing this decision as “a new arm of honor for democracy”. The national secretary of the ecologists, Marine Tondelier, on the other hand, reiterated this Saturday that she did not want the government of François Bayrou to be “a priori averse”, but that her party already had a “preconceived opinion about François Bayrou”.

However, I don't want to and can't hold back at this point when it comes to the current monetary policy, budget policy and/or economic policy scenario here in Europe - especially France and/or Germany. Because I don't want to and can't accept the fact that it all fell from heaven! No - the political situation today, in our so-called West, is the consequence of the political decisions of the past. And interactively ambivalent, the result of the reporters and/or everyone who deals with these topics on the Internet (like you and me). Especially after the fall of Bear Stearns and/or the fall of Lehman Brothers. When politics in our so-called West first began to throw even worse money after bad money - that is, when it began to distribute loans to unprofitable companies and private individuals. Which then seems to reach its climax in costly green politics, under the guise of liberal democracy, in this year 2024. But green politics is left-wing politics - even under the guise of freedom, not to mention the motive of climate protection. And left-wing politics is always only financed through taxes that most people don't need - and so far has always ended in stagflation. Here in Germany we have been in recession for several quarters and have higher inflation, even stagflation. And we are losing ourselves, precisely under the guise of liberal democracy, as if we would like to show off the world how good Greens we are on the world political stage, and that also in terms of foreign policy in military missions abroad - which only cost us. Which have only cost human lives, such as in the Ukraine and/or most recently in Syria. The Greens were founded in the 1980s as a green peace party - which I personally supported very actively as a teenager, from the end of the 1990s until 2010 and/or even until 2012. Most, no, all green people are good people. But they simply do not seem to want to admit to themselves that everything they organize politically costs the majority of the population - because their political existence is paid for by their political opponents through too high taxes and/or inflation. Because at the point where monetary costs exceed material growth - and a debt spiral arises. And states and/or governments can only outgrow this (as taxpayers and/or even consumers – whoever everyone is in every society)! How else? Of course, French president Macron also knows this and reacted the way he did - like us Americans instinctively voted in the USA the way they voted; namely Trump. Against the green policies of Biden and/or Harris. And we will also experience it in the spring of 2025 when we will soon be voting in my home country, in my country of birth, the Federal Republic of Germany. Also because: It's all about - who decides the budget? And/Or after this decision who gets how much? Because monetarily materially, there is nothing more existential!

Will the bulls recapture the terrain above 106.517 points again?
Will the bears recapture the terrain under 104.447 points again?

That's what we wanted to learn last week, based on the price action in . And we saw that the actually closed at 106.945 points last Friday, December 13th, 2024 - even above the price action of 106.517 points. The price action is therefore again above the 1st annual year high, from 2024/04/16, at even 106.517 points. However, it is still below the terrain of the annual high of 2023, with 107.348 points, from 2023/10/03 and/or also the annual high of 2024, with 108.071 points, from 2024/11/22. Which is fundamentally bullish - as long as the price action can be defended by the US bulls above 106.517 points.

“My peculiarity is that I don't have a particular style of investing or, more exactly, I try to change my style to fit the conditions.”
George Soros

Will the bulls defend the terrain above 106.517 points this week?
Or will the price action fall back to the Dec`24 low at 105.420 points?

The low is crucial because it is more or less also the intraday high from November 6th, 2024 at 105.441 points when Trump was re-elected. So, in the case of higher price action, we can de facto argue that the has been rising since Trump's re-election. And we will find out this week, if the bulls defend the recaptured price action of 106.517 points from last week, i.e. the 1st Annual Year High 2024, from 2024/04/16, whether the bullish trend in the will continue? Which is what I tend to assume, even if the price action stays above 106.517 points!

The last price action of the was
on friday, the 13th december 2024 closed with 106.945 points.
This calendar week, everything is in the shadow of the Fed's interest rate cut, which is expected by most. If the Fed doesn't lower its interest rates by -0.25%, would that be a big surprise on the financial market, which could trigger an earthquake? But this cannot be assumed! However, in the case of the price action of the i think that everything is more or less priced into the price action (fed rate cut of -0.25%). Perhaps this is also the reason for the last few days of rising prices, after the trend was rather bearish for two weeks? And we are likely to experience price action in our small but fine upward trend channel in this calendar week. Important facts are that the uptrend started on Thursday, December 5th, 2024, and was confirmed the following Friday, December 6th, 2024, when the price action briefly broke down at the hour of the publication of the latest US unemployment rate. However, in the hour that followed, the price action returned back into our small, fine uptrend channel when the UNI Michigan consumer confidence was published. So that at the beginning of the week last week, the two-week downward trend line in the at 106,214 points and/or 106.40 points was left behind by the US bulls. Which is why this small, fine uptrend channel is so important, because it confirms the breakout from the downtrend, as long as the price action within the uptrend channel is sent by the traders and/or investors. and that's what the price action is currently doing.

With best wishes
and with good intentions!
Aaron

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