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Foreign Exchange

Central Bank Reserves – The Rise of the Yuan

QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are...

Dollar Manipulation by China & Japan?

The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are...

Euro – Capital Flows or Speculation?

QUESTION: Is the euro really going up on capital inflows or speculation leverage? ANSWER: We are not picking up any real net capital outflows from the USA...

The Euro on Yearly Models – Let the Crazy Times Roll

QUESTION: Reviewing the private blog, at the end of 2016 on December 31 you wrote “When it comes to the Euro, the Major Yearly Bearish Reversal lies at 10365...

The Rush to the Euro with QE Ending?

QUESTION: Mr. Armstrong; You have been calling for the dollar to decline against the Euro and it should test the 125 level. Do you see the dollar continuing to...

The 2017 Closing US$ – Gold – Dow

The Dow failed to OPEN above the 2017 Intraday high so we are not yet ready for prime time. This is still a 0ff-Broadway play, but we are getting closer. The dollar...

Private Blog – The Dow View in 2018

Private Blog – The Dow View in...

Private Blog – Yr-End Closing for Euro

Private Blog – The EURO for Year-end...

Failed Attempts to Overvalue Money

On July 12, 1722, William Wood (1671–1730), who was a hardware manufacturer, ironmaster, and mintmaster, received a contract from the British Crown to strike an...