I was told that USD $ is going to collapse, True ?

MrMuppet said:
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The USD is going to shits especially after that insane liquidity injection...and everybody knows it. The US has a history of devaluating it's own currency to deflate their debt at a higher rate than other countries because...well, they can.

Japan is already talking about defending USDJPY level of 100 because everybody knows the US is trying again.
I'm pretty sure we see EURUSD levels of 1.30 to 1.40 mid term

@TradeTune : Find a way to hedge. Either swap into EUR or CHF if you can. BTC is not a solution until you know how to hedge it's volatility with derivatives.
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totally agreed.
 
tedmos38 said:
totally agreed.
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Below is a chart of the EUR/USD since the euro's inception. Amazingly the exchange rate is almost the same now as it was shortly after the Euro's inception more than 20 years ago. I could pull charts of most major currency pairs with the USD and you would see a similar up and down somewhat random walk with repeated times where the exchange rates hit the same value as they were years before. That reality doesn't comport with the unsupported assertion that "The US has a history of devaluating [sic] it's own currency to deflate their debt at a higher rate than other countries" Sorry to let actual data and facts get in the way of a good rant.

upload_2020-12-22_9-42-49.png
 
Sig said:
Below is a chart of the EUR/USD since the euro's inception. Amazingly the exchange rate is almost the same now as it was shortly after the Euro's inception more than 20 years ago. I could pull charts of most major currency pairs with the USD and you would see a similar up and down somewhat random walk with repeated times where the exchange rates hit the same value as they were years before. That reality doesn't comport with the unsupported assertion that "The US has a history of devaluating [sic] it's own currency to deflate their debt at a higher rate than other countries" Sorry to let actual data and facts get in the way of a good rant.

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I'm certainly no currency expert or even have basic understanding of trends. All I have is age and memory and I can still remember when the dollard dipped to near toilet paper before euro days. It seems to me that competition with the euro has kept it from dipping that low again but there's no question that the dollar is falling and may continue to fall until that has an impact on exports.
 
Sig said:
Below is a chart of the EUR/USD since the euro's inception. Amazingly the exchange rate is almost the same now as it was shortly after the Euro's inception more than 20 years ago. I could pull charts of most major currency pairs with the USD and you would see a similar up and down somewhat random walk with repeated times where the exchange rates hit the same value as they were years before. That reality doesn't comport with the unsupported assertion that "The US has a history of devaluating [sic] it's own currency to deflate their debt at a higher rate than other countries" Sorry to let actual data and facts get in the way of a good rant.

View attachment 247084
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upload_2020-12-22_17-58-30.png

hey look...a chart of the EURJPY since Euro inception.
and here is the USDJPY long term:

upload_2020-12-22_17-59-49.png


they all seem to end up where they were.

So it looks like the all other central banks as well as holders of US treasuries can kick back and relax because nothing ever changes.

You mean the competitive devaluation that started in 2008, all this money printing to buy foreign currencies, the currency war of 2013 when Japan was trying to start an open ended bond buying program to devaluate the Yen or the YUAN issues in 2015 are nothing but a hoax? And there isn't even a need for the list under the 1988 Act?

I didn't expect much...but still got disappointed. And he even calls it "actual data" *facepalm*
 
Can anyone recommend a broker that offers leverage of 500:1 with tight spreads, lower commission and slippage?

Was scalping with pepperstone but decided to move my account to another broker because of server freezing issues.
 
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