What about the downward trendline - still over the markets - from the 08 highs through the April highs? It's just overhead. What happens when we hit that?
Benefit of dollar getting cheaper...wealth destruction. Oh never mind that is bad. You applauding people being robbed is what is wrong with traders overall.
What does the dollar index declining do to the purchasing power of - literally - every dollar we all own?
Oh, that's right, it devalues it. And I know this -- we all own a LOT of dollars, right?
Companies still need 'yesterday's' price in euros in today's dollars -- meaning if the DX declines, you will see this in foreign companies' products "costing more" (that's a phrase we can all understand). They slowly raise prices to offset getting jipped on the dollar trade. Capice?
What about the downward trendline - still over the markets - from the 08 highs through the April highs? It's just overhead. What happens when we hit that?
ImmaLetYouFinish1000 1 year ago
Benefit of dollar getting cheaper...wealth destruction. Oh never mind that is bad. You applauding people being robbed is what is wrong with traders overall.
TickleMehNancy 1 year ago
Hello oscar;
Excellent, excellent educational video.
TYVM for helping us to learn and become better traders.
Best,
rj007
simla005 1 year ago
What does the dollar index declining do to the purchasing power of - literally - every dollar we all own?
Oh, that's right, it devalues it. And I know this -- we all own a LOT of dollars, right?
Companies still need 'yesterday's' price in euros in today's dollars -- meaning if the DX declines, you will see this in foreign companies' products "costing more" (that's a phrase we can all understand). They slowly raise prices to offset getting jipped on the dollar trade. Capice?
Am I wrong?
MyL33TL3PwNy 1 year ago
Emotions are out!!!
BBCcashville 1 year ago