Read on Twitter
1/ US Dollar Thread.
The medium-term technical picture shows the bull market (uptrend) — which started in the 2008/11 period — has come to an end with a recent break down of an important trend line support.
The trend is now clearly down.
The medium-term technical picture shows the bull market (uptrend) — which started in the 2008/11 period — has come to an end with a recent break down of an important trend line support.
The trend is now clearly down.
2/ Why is this important?
Since President Nixon took off the Gold standard, floating the $USD in 1971, it has gone through 3 secular bull & bear markets.
History shows that currencies enter multi-year trends & the probability is high $USD is entering a multi-year downtrend now.
Since President Nixon took off the Gold standard, floating the $USD in 1971, it has gone through 3 secular bull & bear markets.
History shows that currencies enter multi-year trends & the probability is high $USD is entering a multi-year downtrend now.
3/ What does this mean for global investors?
• exit $USD denominated assets
• increase stock exposure Asia Pacific & EM countries
• focus on small & value, not large & growth
• become a real estate LP in EU & UK deals
• hold cash reserves in Singapore Dollar & Swiss Franc
• exit $USD denominated assets
• increase stock exposure Asia Pacific & EM countries
• focus on small & value, not large & growth
• become a real estate LP in EU & UK deals
• hold cash reserves in Singapore Dollar & Swiss Franc
4/ What would be the catalyst?
First of all, we don't know if it will decline (unlike every other Twitter guru predicting the future), but we can discuss probabilities.
More & more international heavyweights are moving away from the greenback! https://twitter.com/TihoBrkan/status/1339582977920004098?s=20
First of all, we don't know if it will decline (unlike every other Twitter guru predicting the future), but we can discuss probabilities.
More & more international heavyweights are moving away from the greenback! https://twitter.com/TihoBrkan/status/1339582977920004098?s=20
5/ Swiss Franc is one of the few stronger currencies which never really lost any ground vs the greenback over the last decade — unlike the Pound or the Euro.
6/ Singapore is probably the best city/country in the world right now,
And as a financial center, it is becoming perceived as Switzerland of Asia.
Sing Dollar ferocious break out vs $USD in the chart below!
And as a financial center, it is becoming perceived as Switzerland of Asia.
Sing Dollar ferocious break out vs $USD in the chart below!
7/ In general, I am very optimistic on the Asia Pacific currencies.
After all, this is the Asian century where economic growth, growth of HNWIs & the middle class is on steroids.
Our own proprietary index below includes the Aussie & Sing Dollars, Korean Won, Ringgit & others.
After all, this is the Asian century where economic growth, growth of HNWIs & the middle class is on steroids.
Our own proprietary index below includes the Aussie & Sing Dollars, Korean Won, Ringgit & others.
