Loading ...Re your…”so far not sure if we have done 5 waves up already, or ”
I may be wrong, but I’m thinking that the ABRUPT manually adjusted higher dollar by the Fed in 2014 (to help foreign countries export) is finished, and the Fed will start pushing the dollar back down to help the US exporters.
If they DON’T push it back down? Soon? Then we know for sure, the Fed thinks the US economy is stronger than the other economies, that need help (global welfare) more than we do. I think the time lag after adjustments to have an effect is six quarters more or less. Latest report I read said the USA lost manufacturing jobs. So the mid ’14 adjustment already started hurting us a while back.
Another reason for the Fed to keep the Dollar high, might be to kill Trumps plans, and show him who the real boss is concerning the economies of the world. More than likely, the whole global economy is falling apart, and various nations are rebelling against the past agendas.
Dollar chart weekly bars: