Mobil Finance: Trump Sends US Dollar "Bad News" Again Rogers expects gold to face explosive market trends

Trump once again plays the role of the "nemesis" of the US dollar. On Monday, only10The sudden dismissal of the Director of the White House Communications Office by Trump has heightened uncertainty about the political outlook in the United States. Affected by the news, the US dollar fell to last year in response5The lowest level in the month. Due to the continuous decline of the US dollar,7Monthly gold price creation2The largest monthly increase since the beginning of the month, industry insiders continue to be bullish on gold prices, and international investment guru Rogers even predicted that gold prices are expected to enter an "explosive" market.


The New York Times reported that US President Trump had previously decided to have the Director of the White House Communications Office, Scaramucci(Anthony Scaramucci)Resignation.


The White House subsequently issued a statement stating that Scaramucci had been dismissed. It has only been ten days since he was appointed to this position.


Reuters also reported, citing sources, that US President Trump fired White House Communications Director Scaramucci, who had just been appointed for over a week, on Monday for his unpleasant remarks. The Republican government, which has only been in office for six months, is undergoing a new round of personnel changes.


On Monday afternoon trading in New York, the news came as the US dollar hit a new intraday low against currencies including the euro and yen.ICEThe US dollar index touched last year5The lowest since the beginning of the month92.79。
euro/USD from2015year1For the first time since the beginning of the month, it has broken through1.18. dollar/The Japanese yen has hit a low point in over six weeks110.22。


Anda(Oanda)A senior currency market analyst said, "After the news of Scaramucci's resignation was confirmed, it dealt a blow to the credibility of the Trump administration."
The week before Scaramucci's departure can be considered one of the most tumultuous weeks for President Trump's presidency. During this period, the significant efforts of the Republican Party to reform the US healthcare system failed in Congress, and Trump's spokesperson and former chief of staff both resigned. Internal conflicts in the White House have become increasingly public.


Doubts about the possibility of Trump advancing economic stimulus plans, including tax reforms, have dragged down the US dollar, leading toICEUSD Index7The monthly line has fallen by approximately2.9%This will be last year3The largest monthly decline in the past month.


Bloomberg US dollar spot exchange rate index fell on Monday0.3%, falling nearly throughout the month2.6%Create this year1The largest monthly decline since the beginning of the month; Still close2016year5The lowest level since the beginning of the month.


Since the beginning of this year, the US dollar has fallen by more than8%Not only did it spit out all the gains after the election, but it also fell below the pre election level. Bloomberg wrote that for many people, this situation reflects a growing concern that the chaos plaguing Washington, many of which were caused by Trump, is constantly weakening the government's grand economic plans.


The article points out that the Trump administration has faced one crisis after another, starting with the dismissal of former FBI director Komi(James Comey)From allegations of collusion with Russia to the failure of Republicans to repeal the Obama healthcare reform billforeign exchangeThe market has gradually formed a consensus of selling the US dollar.


In a report released on Monday, Zhong Zhengsheng, Managing Director of Monita Research, and Xia Tianran, a researcher, wrote that whether the US dollar can rebound depends on the resonance of the influence of Trump, the Federal Reserve, and the European Central Bank. Currently, the Federal Reserve continues to be biased, and the European Central Bank will not tighten temporarily. These two factors have been fully digested by the market, and Trump's next actions are particularly noteworthy.


The report shows that investor confidence in Trump has fallen to its lowest point, and even if Trump achieves a little success, the market may face significant correction.


　　Gold price creation2The largest monthly increase in the past month Rogers materialgoldEmbrace explosive market trends


Because the depreciation of the US dollar has increased demand for gold and prompted hedge funds to buy gold, the price of gold has risen2The largest monthly increase since the beginning of the month, when it was an increase3.1%。


German Commercial Bank AnalystEugen WeinbergHe said, "The weakness of the US dollar has pushed up gold prices. The US dollar has not only fallen against the euro, but also against most major currencies. The US political arena is in a mess, and the US data is not as encouraging."


Commodity Economist at Kaitou Macro in LondonSimona GambariniIn a report, Federal Reserve officials stated at last week's policy meeting that due to low inflation, they are not in a hurry to raise interest rates, which also benefits gold. "Due to insufficient inflationary pressure so far, we expect..."2017We will only raise interest rates once a year


Rogers, known as the "king of commodities"(Jim Rogers)Accept on MondayKitcoDuring a news interview, he stated that he will be bullish on gold and expects the next financial crisis to be the "worst" he has ever seen.


He said, "Since the Republican administration began, we have had economic problems in the United States or North America every four to eight years, so this problem is not uncommon. I expect it to start this year or the next, and it will be the worst of our lives."


Rogers said that when a financial crisis occurs, the price of gold will explode because the public will lose confidence in money, and he warned investors to be very careful when protecting their wealth. Rogers pointed out that he currently does not buy gold and has not bought gold recently, emphasizing that he has been holding gold for many years and therefore will not buy or sell it now, but if the gold price drops significantly below per ounce1000The US dollar will buy more gold because in the end, when people lose confidence in the government and paper currency, they always turn their funds towards gold and silver, and as a result, the price of gold will rise significantly.


Rogers warned investors to be "very careful" and seek ways to protect themselves before the next financial crisis. He said, "There are several ways to protect oneself, but this can become confusing. People should only invest in knowledge they are familiar with."


　　DoubleLine CapitalCEO, known as the "king of new bonds"Jeffrey GundlachRecently, he stated that he still holds gold and expects gold prices to continue to rise.
Gundlachstay7month27In an interview with Reuters, it was pointed out that compared to markets that have already rebounded a lot, including Bitcoin and Amazon(Amazon)Stock prices, gold prices look quite cheap.


American goodsfuturesTrading Committee(CFTC)Data display, as of7month25During the current week, hedge funds and asset management companies significantly increased their holdingsCOMEXGold net long position reached the surrounding high.


According to a recent survey by Bloomberg, gold traders and analysts have been bullish on gold prices for six consecutive weeks, due to4month21The longest record in recent days, previously indicated by the Federal Reserve that there is no rush to raise interest rates. The survey results show that the number of bullish individuals is10The number of bearish people is2In addition, the number of people who hold a neutral perspective is4。