Biden Signs Trade Pact with 13 Nations
I dont know everything about this trade agreement yet but I do know that The US Dollar is tanking after the headlines started circulating. Other currencies around the world jumped in value. Initially the major US indices sold off with the dollar. Gold and Oil still holding up with other commodities. We will see how this turns out this week.
$SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Invesco QQQ Trust (QQQ.US)$ $Crude Oil Futures(OCT4) (CLmain.US)$ $Gold Futures(DEC4) (GCmain.US)$ $SPDR Gold ETF (GLD.US)$ $Hang Seng Index (800000.HK)$ $CSI 300 Index (000300.SH)$ $VIX Index Futures(SEP4) (VXmain.US)$ $iShares 20+ Year Treasury Bond ETF (TLT.US)$
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solo invest : The forex markets are doing some weird stuff. Should we short the dollar?
SpyderCall OP solo invest : I did two weeks ago. Its almost in the money after this mornings drop
SpyderCall OP solo invest : I need a Forex guy in here to tell me what exactly is going on. It will take me all day to figure it out myself
solo invest SpyderCall OP : There is a negatively triple leveraged UUP.
solo invest solo invest : It is tanking so hard right now. You might want to wait for a little rip up today before any -triple leveraged. Right?
LuckyPiggie SpyderCall OP : i think Mr.powerful fed will want to keep the dollar up .
SpyderCall OP LuckyPiggie : Me too. Thats the best way to kill demand for inflation. But i think a little dip in the dollar is overdue. Its been overheated to the upside for a while now
SpyderCall OP LuckyPiggie : I was down on my short but if everything stays like this then i will open up with profit after holding two weeks of losses
SpyderCall OP : I do have a support level it should meet before jumping back up at around 27
solo invest LuckyPiggie : Yea the fed needs to keep it up I think. But a dropping dollar is usually good for the stocks I’m holding
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