Dividend Investing Weekly: Dollar Testing Key Support Level on Debt Worries

You are receiving this email because you signed up to receive our free e-letter Dividend Investing Weekly, or you purchased a product or service from its publisher, Eagle Financial Publications. [Dividend Investing Weekly] [Cash Machine]( [Quick Income Trader]( [Breakout Profits Alert]( [Hi-Tech Trader]( Dollar Testing Key Support Level on Debt Worries by Bryan Perry Editor, [Cash Machine]( 09/23/2024 Sponsored Content [Do you own any of the "SELL" rated stocks on this list?]( Don't let these losers wipe out hard-earned savings! Check out the full list to make sure you don't own any of them, and if you do, consider selling before it's too late. [Go here now to get free instant access to all 20 stocks to sell.]( As the stock market celebrated new all-time highs this past week, the foreign exchange markets, commonly known as the forex, have taken on a quite different tone -- one of rising concerns about the direction of the world’s reserve currency: the U.S. dollar. The forex is the largest and most liquid market in the world, trading trillions of U.S. dollars on a daily basis. Key participants are central banks, commercial banks, investment banks, hedge funds, sovereign funds, forex brokers and retail investors. The forex market operates 24 hours a day, five days a week. The anticipation leading up to the Fed’s half-point rate cut had traders pressuring the dollar lower to a closely watched technical level -- that being 100.00 for the U.S. Dollar Index (DXY), which measures the value of the dollar relative to a basket of six major foreign currencies that includes the Euro, Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The DXY is heavily weighted toward the Euro because it represents the largest and most significant trading partner of the United States among the currencies in the index. In the past six months, the value of the Euro is up by 3.19%, the Pound Sterling by 5.82%, the Canadian Dollar by 0.27%, the Japanese Yen by 5.32%, the Swedish Krona by 1.98% and the Swiss Franc by 5.88%. While these numbers may not sound significant, they matter greatly to international trade and are heavily influenced by central bank monetary policy and government fiscal policy. And though the monetary and fiscal policies matter among these six economies, they pale in size and significance to that of the U.S. economy. [One Truth About Trump Most People Have Never Heard]( One of America’s top retirement income experts reveals what he’s calling Wall Street’s best kept income secret: “I have details on a secret “income contingency plan” signed into law by Trump before he left office designed to safeguard Americans against financial crises like today’s… PBN Income has allowed savvy Americans to collect massive, government-guaranteed income from an obscure and little-known passive-income source month after month — for life.” [He’s revealing EVERYTHING here.]( As of 2023, the global GDP was approximately $105.4 trillion, of which the U.S. economy accounted for $27.4 trillion, or roughly 26% of total global GDP. The U.S. economy drives the global bus of economic growth. If the U.S. slides into recession, it has a major ripple effect. A stable dollar is vital to the stability of world trade, especially oil. In 2024, there are 23 countries whose currencies are pegged to the U.S. dollar. They include Hong Kong, Saudi Arabia, the UAE, Qatar, Oman, Jordan and even Venezuela. The Fed’s slashing of rates now is intended to maintain the notion of a soft landing. At the same time, the Fed is currently reducing its bloated $7.1 trillion balance sheet, but at a slower pace than before. This process is called quantitative tightening, or QT, where reducing the money supply can exacerbate an already slowing economy. Reduced liquidity can lead to tighter financial conditions, but the market senses the lowering of the fed funds rate now and, going forward, will provide a strong offset. [This A.I. Spots Trades Like a Spy, See it Live]( If you want to trade smarter, not harder, and be prepared for this week's markets, you won't want to miss this. Join us live as we reveal which stocks and commodities might explode in the next few days and how to conquer volatility and avoid losses. Anticipating market changes is crucial, and nothing is more rewarding to us than helping you steer clear of potential losses. [Secure your spot now](! Of importance here is how the dollar responds to the converging bearish forces of falling interest rates and soaring national debt, currently increasing at a pace of $1 trillion every 100 days, and now standing at $35.4 trillion. Neither Kamala Harris nor Donald Trump have said much about the nation’s deficits on the campaign trail, suggesting that the economic problem will only worsen in the next four years. Based on recent estimates, spending on older Americans is set to spike, and a new administration and Congress need to figure out a way to reach some bipartisan goals on fiscal policy. At present, both the bond and stock markets do not seem to have much concern about what appears to be an issue that will likely reach an inflection point well before what current estimates predict. Recent Treasury auctions are being met with decent demand; however, one has to wonder about how much the global market will absorb before it demands a higher coupon to compensate for a dollar that has entered a new downtrend. Not having a crystal ball, just keep an eye on the DXY. Sincerely, [bryan-perry-sig] Bryan Perry Editor, Cash Machine Editor, Premium Income PRO Editor, Quick Income Trader Editor, Breakout Options Alert Editor, Hi-Tech Trader Editor, Micro-Cap Stock Trader About Bryan Perry: [Bryan Perry]Bryan Perry specializes in high dividend paying investments. This weekly e-letter combines his decades-long experience in income investing with a simple, easy-to-read format that investors of all stripes can work into their portfolios. Bryan also serves as Editor of these services: [Cash Machine]( [Premium Income PRO]( [Quick Income Trader]( [Breakout Profits Alert]( [Hi-Tech Trader]( and [Micro-Cap Stock Trader](. 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