Why the Stock Market Hates a Strong Dollar
★ SUMMARY ★
I want to share with why the market hates a strong dollar, and what you really need to know about dollar movement…
How Dollar Plays into Stock Market
You need to understand how the dollar plays into the stock market.
The stock market has a lot of companies that deal business internationally. The U.S. dollar is typically used as a ‘safe haven’ or reserve currency for these international countries.
If their currency begins to go bad, they may stockpile more of our currency – they are always watching the U.S. dollar. Our currency is considered the ‘place to be’ and is very stable.
The U.S. dollar is used as a safe haven to companies that deal business internationally. As the stock market goes up in terms of a strong dollar, business becomes more expensive and business and pricing exchange become more difficult overseas.
Posted at: http://tradersfly.com/2014/10/market-hates-strong-dollar/
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Hello Sasha, Do you also trade commodities or ETFs related to currencies?
Do you think that oil and gold prices will be much lower after this because of the stronger dollar now? On 27 Feb, Crude Oil Brent hit $62.58 per barrel while CBOT Gold hit $1213.1 per 100 oz. Thanks Sasha.
Makes sense.
Hi Sasha! Thank you for your educational videos:) I watch at least one video on your channel everyday and I learned alot from them. You have done a market recap in April 2014, Can you also please make a market Recap on when to exist a trade. If you have very little money to trade, it is not viable to peel into strength as the stock goes higher because in my country the commission works on percentages and not fixed commission. Keep up the good work!
Excellent info, thanks. I've not been trading long and apart from a bit of forex, commodities are what i trade the most.