U.S. dollar trending higher as primary global reserve currency
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
The U.S. Dollar is one market that continues to stand out as a stronghold for traders and investors. The world's primary reserve currency, the USD, remains solidly above all other major global currencies.
As we move into the summer, the stock indices have not only been choppy but continue to trend lower.
Commodities, metals, and energy appear to be topping and experiencing distribution.
Cash is King as traders are now placing a value on liquidity. As losses mount and capital evaporates, traders are liquidating many different assets to meet margin calls and raise needed cash.
Going to cash and salvaging what is left is a survivalist strategy. It has many benefits providing peace of mind as well as the future potential to generate significant returns down the road. If a trader does nothing and their capital continues to evaporate, it can be fatal to a trader's overall attitude and hinder their ability to generate future profits.
Markets go up, and markets go down. What makes the big difference is how we manage risk and how well we do in following the direction of price. Knowing and controlling one's emotions dictates how long we can play the game or how successful we will be.
Now is not a good time for traders to become complacent or ignore their basic money management and risk principles.
U.S. DOLLAR 14-YEAR UP TREND
US DOLLAR INDEX • DXY • CAPITALCOM • WEEKLY
U.S. DOLLAR ‘UUP' ETF +16.96%
INVESCO DB USD INDEX BULLISH FUND ETF • UUP • ARCA • DAILY
U.S. DOLLAR VS U.S. EQUITY INDICES
WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND • USDU • ARCA • DAILY
VALUABLE INSIGHTS FROM SUCCESSFUL TRADERS
Market Wizards by Jack D Schwager is packed with insights from successful traders who have shared their wisdom based on firsthand trading experiences. Here are a few of our favorites:
Dr. Van K Tharp: