US Dollar Resumes Downtrend, With No End In Sight

By Gregory Mannarino

Jun 17, 2015

With what appears as a Federal Reserve operating with no clear plan as to when or even IF it will move from its EMERGENCY ZIRP monetary policy now 7 years on, the US Dollar resumes it’s downward trajectory.

Have a look at this chart below of ticker (NYSEARCA:UUP).

(click to enlarge)

For the last two and a half months the US dollar has come off it’s high, and is now in a sustained downtrend after it became clear that the Federal Reserve has no intention to raise rates anytime soon. (Something I have been saying since forever now).

There remains chatter from the Federal Reserve that they will possibly raise rates by the end of this year, I say there is simply no way. Moreover, the Federal Reserve knows that it cannot raise rates as well. The rhetoric out of the Fed. Is simply an attempt to project that they still remain in control. A complete falsehood.

The simple fact is this: the Federal Reserve is NOT in control and has no clue as to what it will or will not do with regard to monetary policy and this was made crystal clear today by the Fed. Chair herself Janet Yellen today.

The downward trajectory of the US dollar as demonstrated in the chart above will remain as long as the Federal Reserve remains clueless.

Happy Trading!

Disclosure: I am/we are long AAPL.

RELATED VIDEO: Federal Reserve Failed Monetary Policy To Continue Into Infinitum. By Gregory Mannarino

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Source: m


Shocking ’60 Minutes’ Report Will Shake Wall Street To Its Core!

Monday, March 31, 2014 7:45

(Before It’s News)

The bombshell ’60 Minutes’ report below just released last night will shake Wall Street to its core. Exposing that Wall Street is rigged to the benefit of certain insiders who have made BILLIONS of dollars via computerized trading, this report should bring Wall Street to its knees. 2nd video also below.

This next video is Dahboo7′s take on this latest revelation.