On September 18, The DXY Support group ( The FED, a group of PRIVATE BANKERS ) will announce it decision about Rates and the expectation is for a Rate cut. Amoung many things, this cut will result in less return from investing in the $ itself.
The chart below is the DXY INDEX since Dec 2015 and we can see how the pull back worked previously
It went to the 382 retracement, bounced, got rejected again, went to the 0.5, got rejected, bounced off the 618 and went right back up untill March 2020
This time has been so VERY different as the $ is under SERIOUS pressure both internally and Externally.
As we can see, The retreat by PA has been propped up as much as possible to Stop it fallling below the 0.5 retrace line. It has bounced 3 times previously. It failed recently and has since then, bounced back hard to get back over that 0.5 ( see 2nd image )
Next, Look what PA did when Rates began to be raised, later than many expected. But once raised, PA continued on its way higher.
This could not be sustained as a New problem hit the realms.
BRICS - initially, BRASIL RUSSIA INDIA CHINA SOUTH AFRICA all agreed to STOP using the $ for international settlements on trade and oil sales. THIS ALONE COSTS THE USA $BILLIONS ANNUALLY
And now, there are over 50 countries NOT using the $ for internalional settlements...and this time, the USA cannot invade the countries concerned, like it did in the past ( Lybia, Iraq, Syria, Egypt etc )
So the FED / SEC and other agencies have been propping up the $ But now, it has to stop....
What will the $ do now....................
And more to the point, where will the money go as soon as traders begin selling the $ because there are higher returns elsewhere.
This is a VERY consise recent history, it goes way back to Henry Kissenger in 1972. HE bagan all this and a lot more, like the unrest in the Arab world. And the world is pissed Off and so, are beginning to take the Sweeties away from the bully.
The $ Is under HUGE pressure, It will break despite it still being the worlds largest currency....What will the USA do when countries begin to default on National Debt Loans.. ?
ALL National Debts are owed to PRIVATE banks and most of them are in the USa
We are on the edge of HUGE CHANGE and if you have read this far...Thanks but understand, the little I have said here is the tip of a very Large, spikey Iceberg....
May you all live your lives in peace and Harmony and with BITCOIN
ice push up from #BTC but has not broken that line of resistance it dropped below earlier today
Caution is required if we cannot get back over that line.