The Strength of U.S. Dollar (/DX), Fiscal Spending, And Bitcoin (/BTC)

Government transfer payments were running about 35% of personal consumption expenditures in the U.S., says Luke Gromen of FFTT LLC. If the Fed keeps buying enough treasuries while the U.S. government spends more money, he thinks the U.S. Dollar (/DX) has more downside. If the Fed tapers, Luke thinks we could get a much stronger Dollar. He is watching fiscal spending. Bitcoin (/BTC) is the most sensitive measure of liquidity, adds Luke.

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28 May 2021

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The Strength of U.S. Dollar (/DX), Fiscal Spending, And Bitcoin (/BTC)

Government transfer payments were running about 35% of personal consumption expenditures in the U.S., says Luke Gromen of FFTT LLC. If the Fed keeps buying enough treasuries while the U.S. government spends more money, he thinks the U.S. Dollar (/DX) has more downside. If the Fed tapers, Luke thinks we could get a much stronger Dollar. He is watching fiscal spending. Bitcoin (/BTC) is the most sensitive measure of liquidity, adds Luke.

Futures

28 May 2021