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).
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.
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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