Why the fuck is the USD so goddamn high right now?
Jesus fucking christ it's up over 5% against the Korean won over the past 2 days. When the fuck is it going to bounce back down? I mean for fuck's sake it's outside the Bollinger band on the weekly and daily charts and its daily RSI is like 76 right now. The Korean won is now more volatile than Bitcoin.
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how do I get into forex?
It always seems to be a leverage thing and spending money you don't actually want to spend to make money...
It's not going down. Everyone else is printing money as hard as they can to make their economies more competitive. At the same time, US tariffs on foreign goods have brought retaliation, making US goods abroad more expensive and making the USD even more expensive.
The USD will start to go back down when the US industry starts tanking.
It's not even Forex for me, just being out of the US and getting my money tied up. I have like $80,000 worth of Korean won and this is killing me.
It's so fucking high over the past 3 days it's absurd. A mile high on every chart and way out of the bands and RSI is super overbought not.
Surely, surely over the next week or so there has to be a pullback, right? It went from 1060won to 1115won in just 2 days for fuck's sake. Surely a pullback is within reason.
>Surely, surely over the next week or so there has to be a pullback, right? It went from 1060won to 1115won in just 2 days for fuck's sake. Surely a pullback is within reason.
There's no reason to.
Don't worry. There is a chance it will go down in 6 years when Trump finishes being president.
But, but it hasn't been this overbought on the daily in like 5 years. I just need like 1 day of pullback, then I go all in.
>But, but it hasn't been this overbought on the daily in like 5 years.
I doubt it's overbought, it's the new paradigm of having the FED with higher rates than every other central bank.
It's over fucking bought by definition. Like it should have a serious pullback before it keeps going up again. 5% in 2 days is not normal for 2 major global currencies.
what are you talking about, USD is super low right now
Then KRW is super oversold.
tradingview.com
>export debt to world
>raise rates at home
>import physical goods and foreign investment
>punish world for selling you real things for IOUs that you'll never pay
The fun will stop when the world decides to deal less in US dollars.
Ok but I'm trading this shit on an hour to hour basis. The KRW is currently more volatile than most shitcoins in crypto so I need a day or two of pullback.
Only fools keep their money in anything but USD.
t. Europoor with $80k and €247 on his name.
>keeping any monopoly money
You're just as a retard holding that much USD
Do you not pay attention to the news at all? There are major changes coming to the world market, there's gonna be instability as it all shakes out. Rumor is big money is looking hard at NK, because they want to develop tourism, and need investors.
If you don't know why the dollar is high, go study, and find out why, instead of throwing a girly tantrum.
>I have like $80,000 worth of Korean won and this is killing me.
At least you don't have 70% of your nw in eur
No I get that the USD is going up. I'm just shocked that it's going up this incredibly fast against KRW with absolutely no pullback at all. I just want a day or two of pullback to get out.
It is just my cash reserve bro.
>holding a 80k cash reserve in monopoly money
NK is a Chinese buffer zone, if you are expecting them to let US companies in because Trump tweeted Kim's cool now you are quite dillusional.
China want the US gone from the region, peace deals are to get rid of the US military bases.
The US Economy is BOOMING. Protectionism tarrifs. Rising interest rates. MASSIVE QUANTITATIVE TIGHTENING. Deflation. This isn't the same cucked USA. America first, go Trump, MAGA!
More than 20trillion national debt, China is holding up to 2 trillion.
Keep printing money and get ready for some bail ins.
>No reason
Made me smile.
Gj user.
Sure is brainlet Jow Forums in here. This is actually bad for the US economic as it'll only widen the trade deficit. Why even bother with producing your own stuff when it just became even cheaper to buy foreign
Europe had been warned many times they should raise rates but the economy is far worse. Usa waited for long, and nothing happened so they finally did right decision to start raising rates to normal level
>When the fuck is it going to bounce back down?
After the war
>EU economy becomes more competitive with a low euro
>US economy tanks with a high USD and tariffs on its exports
Poor europe boo hoo