http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/ Standing in Line to Short the Dollar When the US Federal Reserve announced that it was going to start raising interest rates the dollar went on a tear. And when Trump was elected, traders expected the resulting stimulus programs, deregulation and repatriation of corporate cash to drive investment into the USA and drive up the dollar. That is not happening. While the White House is mired in scandals and turmoil of its own making the Trump agenda is coming to naught and the dollar is heading south. Traders are virtually standing line to short the dollar. Bloomberg writes about shorting the dollar. Being bearish the dollar is the second most crowded trade across markets, according to respondents in Bank of America Merrill Lynch Global Research’s August fund manager survey. The sentiment reflects just how much expectations for the greenback have shifted this year. From December to April, investors said being long the greenback was the single most overcrowded trade. Now, hedge funds and other large speculators are betting the dollar is poised for further declines, amassing the biggest net-short position in more than four years, CFTC data show. How long is this going to continue? The Financial Times writes that doubts over Trump’s agenda are a big factor in the dollar retreating. Mr. Trump’s decision to disband his two businesses advisory groups, after a spate of departures following his response to the events in Charlottesville over the weekend, provided the initial trigger for the downturn in the dollar and Treasury yields. The move, which was announced shortly before the release of the minutes of the Fed’s latest policy meeting, added to simmering worries about the Trump administration’s ability to push through tax reforms and fiscal stimulus measures. “The goings-on in [Washington] DC overshadowed anything the FOMC minutes could have provided,” said Tom Porcelli, chief US economist at RBC Capital Markets.

1. STANDING IN
LINE TO
SHORT THE
DOLLARBy www.ForexConspiracyReport.com

2. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
When the US Federal Reserve
announced that it was going to start
raising interest rates the dollar went
on a tear.

3. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
And when Trump was elected,
traders expected the resulting
stimulus programs, deregulation
and repatriation of corporate cash
to drive investment into the USA
and drive up the dollar.

4. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
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5. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
That is not happening. While the
White House is mired in scandals
and turmoil of its own making the
Trump agenda is coming to naught
and the dollar is heading south.

6. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Traders are virtually standing line to
short the dollar.

7. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Bloomberg writes about shorting
the dollar.

8. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Being bearish the dollar is the
second most crowded trade across
markets, according to respondents
in Bank of America Merrill Lynch
Global Research’s August fund
manager survey.

9. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The sentiment reflects just how
much expectations for the
greenback have shifted this year.

10. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
From December to April, investors
said being long the greenback was
the single most overcrowded trade.

11. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Now, hedge funds and other large
speculators are betting the dollar is
poised for further declines,
amassing the biggest net-short
position in more than four years,
CFTC data show.

12. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
How long is this going to
continue? The Financial
Times writes that doubts over
Trump’s agenda are a big factor in
the dollar retreating.

13. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Mr. Trump’s decision to disband his
two businesses advisory groups,
after a spate of departures following
his response to the events in
Charlottesville over the weekend,
provided the initial trigger for the
downturn in the dollar and Treasury
yields.

14. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The move, which was announced
shortly before the release of the
minutes of the Fed’s latest policy
meeting, added to simmering
worries about the Trump
administration’s ability to push
through tax reforms and fiscal
stimulus measures.

15. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
“The goings-on in [Washington] DC
overshadowed anything the FOMC
minutes could have provided,” said
Tom Porcelli, chief US economist at
RBC Capital Markets.

16. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
So long as Trump is in the White
House and engenders dysfunction
in the government there will be
concerns about the ability of the
USA to govern itself and maintain
sound fiscal and monetary policies.

17. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Despite those who believe that the
Russian mess will take Trump out of
the White House that is unlikely.

18. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The more likely situation will be
continued dysfunctional tweets and
increasing distance between Trump
and congress making the task of
governing ever more difficult.

19. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
Thus standing in line to short the
dollar may become an ongoing task.

20. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
How Bad Could It Get?

21. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
If you believe the dollar could fall
into the abyss you are buying
bitcoin.

22. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
But there are problems with that
strategy.

23. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
We recently asked how much will
you lose when bitcoin falls.

24. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The problem in predicting the future
of bitcoin is that there are precious
few fundamentals to follow unless
you believe doomsday predictions
of the world economic system
melting down and all paper
currencies becoming worthless.

25. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
This is a recurring prediction that is
yet to come true unless you live in
Venezuela or Zimbabwe.

26. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The dollar may continue to slide but
eventually even the chaos that is
the Trump administration will fail to
weaken it further.

27. http://www.forexconspiracyreport.com/standing-in-line-to-short-the-dollar/
The trick for Forex traders is when
to stop standing in line to short the
dollar and start buying. It may be a
while.