I will copy and paste it here since it also relates to the Forex markets.
Have A Great Sunday !!!
http://www.forexfactory.com/images/icons/icon14.gif I Sincerely Doubt That !!!
Quote:
Originally Posted by salah k. http://www.forexfactory.com/images/buttons/viewpost.gif
hey man
from ur charts
and technically speaking(not fundamentaly) looks like dollar index found some strong resistance and might be heading towards 80ish area.
any thoughts on that????
Anything is possible however there is many fundamental reasons why the odds are not very in favor of that. Here are my reasons.
The main reason that the US Dollar got stronger last week was mainly by the actions (Verbal) of some of the FED members. The markets bought it hook, line and sinker. The yields on the 2 Year USA bonds and the 10 Year USA bonds went through the roof. The FED discount rate is now at 2.00% down from 5.25% and that is the Main Reason the US Dollar became much weaker and Gold and Oil went up in price.
The worst enemy of the FED and the World FIAT system is GOLD. They always try to suppress it and in the end they always fail. Who are they ?
(1) Roman Empire
(2) British Empire
(3) US Empire (Spelled 1913 and the FED) The Bankers !!!
Gold and Silver are and always have been the supreme store of wealth because it cannot be printed and is in short supply and it takes about 7 years to bring new sources to market.
Since the FED for the moment CANNOT raise rates they try to convince the markets they might and PERCEPTION sometimes is STRONGER than reality.
Why will they not raise for the moment ? Moment is at least 6 months in my learned opinion. They will cause the collapse of the US economy and actually cause the collapse of the last bubble !!!
The last bubble of the last 10 years is the US Stock Market.
That will lead to the unwinding of the YEN carry trade of perhaps over One Trillion Dollars. Add to this equation the continuing collapse of the US housing market (See The Recent Case Schiller House Index) and the still to come One Trillion Dollar losses in the World Banking System. This comment comes from the IMF not exactly a friend of Gold or Silver.
So if the FED cannot raise what do they do ? Not a thing or perhaps even cut ? The next 3 months will be telling. Factor in the November Presidential elections and expect much FUN and Games !!!
This Week is ISM and ADP and NFP !!! A Very interesting week to say the least.
The US Dollar Index would need to go up at least 2 more full basis points for me to change my thinking. The odds are good that we will soon see a retest of the lows. Look at the comments by Dan Norcinni on the US Dollar Index Charts at: WWW.JSMINESET.COM
Charts:
http://www.jsmineset.com/cwsimages/M..._5-30-2008.pdf
I hope I have given you some insight and answered your questions.
Bruce
Have A Great Sunday !!!
http://www.forexfactory.com/images/icons/icon14.gif I Sincerely Doubt That !!!
Quote:
Originally Posted by salah k. http://www.forexfactory.com/images/buttons/viewpost.gif
hey man
from ur charts
and technically speaking(not fundamentaly) looks like dollar index found some strong resistance and might be heading towards 80ish area.
any thoughts on that????
Anything is possible however there is many fundamental reasons why the odds are not very in favor of that. Here are my reasons.
The main reason that the US Dollar got stronger last week was mainly by the actions (Verbal) of some of the FED members. The markets bought it hook, line and sinker. The yields on the 2 Year USA bonds and the 10 Year USA bonds went through the roof. The FED discount rate is now at 2.00% down from 5.25% and that is the Main Reason the US Dollar became much weaker and Gold and Oil went up in price.
The worst enemy of the FED and the World FIAT system is GOLD. They always try to suppress it and in the end they always fail. Who are they ?
(1) Roman Empire
(2) British Empire
(3) US Empire (Spelled 1913 and the FED) The Bankers !!!
Gold and Silver are and always have been the supreme store of wealth because it cannot be printed and is in short supply and it takes about 7 years to bring new sources to market.
Since the FED for the moment CANNOT raise rates they try to convince the markets they might and PERCEPTION sometimes is STRONGER than reality.
Why will they not raise for the moment ? Moment is at least 6 months in my learned opinion. They will cause the collapse of the US economy and actually cause the collapse of the last bubble !!!
The last bubble of the last 10 years is the US Stock Market.
That will lead to the unwinding of the YEN carry trade of perhaps over One Trillion Dollars. Add to this equation the continuing collapse of the US housing market (See The Recent Case Schiller House Index) and the still to come One Trillion Dollar losses in the World Banking System. This comment comes from the IMF not exactly a friend of Gold or Silver.
So if the FED cannot raise what do they do ? Not a thing or perhaps even cut ? The next 3 months will be telling. Factor in the November Presidential elections and expect much FUN and Games !!!
This Week is ISM and ADP and NFP !!! A Very interesting week to say the least.
The US Dollar Index would need to go up at least 2 more full basis points for me to change my thinking. The odds are good that we will soon see a retest of the lows. Look at the comments by Dan Norcinni on the US Dollar Index Charts at: WWW.JSMINESET.COM
Charts:
http://www.jsmineset.com/cwsimages/M..._5-30-2008.pdf
I hope I have given you some insight and answered your questions.
Bruce
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