The US dollar continues to confirm that is not only in a bear market, but likely to collapse in 2018. This will have significant implications for all kinds of investments.
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Will The Dollar Collapse In 2018?
Published 12/29/2017, 12:25 AM
Updated 07/09/2023, 06:31 AM
Will The Dollar Collapse In 2018?
Latest comments
In 2003 when everyone was long the dollar same thing happened. And it continued to decline right to the crisis in 08.
The dollar is a zombie
From price action it seems that 1.20 is gonna break. Nevertheless there is a lot of resistance from 1,235 till 1,26 and there are many chances that usd will hold this level. By that time the crowd will be long euro and the stage will be set for a big USD rally!
The US trade in goods has been published yesterday and it clearly showed that US exports of cheap Condensates and light distillates do not improve the trade deficit as the US has to import vast amounts of expensive real crude oil to cover the shortage of middle distillates. This is in my view the reason the dollar will plunge to new lows in the next year.
Next year will be very positive for the dollar, especially against EUR and GBP. Mark my words.
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