Category: US Dollar
The analysis published under this category are as follows.Monday, August 27, 2007
The US Trade Deficit and Chinese Surpluses: Economics v Paranoia / Economics / US Dollar
Now that the recent turmoil in international markets has subsided for now attention is returning to the sinister machinations of Beijing and its silent war against the US economy. It is held by some -- in fact, by far too many -- that China is using currency manipulation to deliberately deindustrialise the US and force its manufacturers to export jobs, as evidenced by the US trade deficit. Moreover, China is threatening to use its dollar reserves to sink the US economy.Read full article... Read full article...
Monday, August 20, 2007
China Prepares to Dump US Dollars / Currencies / US Dollar
The following is a good 6 dollar spike occurring in the middle of the week. Though too many are concerned with gold not breaking 700 already gold still continues to consolidate, gain steam, and become stronger still.
Now the title of this article is a pretty lofty accusation. We have heard this as a possibility countless, countless times but it has always been just a rumor. Is the possibility still just a rumor?
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Friday, August 17, 2007
Gold and Crude Oil - Real Money Measuring Real Value? / Currencies / US Dollar
In the face of gyrating currency markets it is difficult to get a real "price" on anything at the moment. We have often asked the question here, what is the price of gold? If it is $670 then we ask, what is the price of the $. Should the $ be valued in gold, the other way round to now? Well the same question should now be asked of oil. Why? Because the value of the $ is now subject to question internationally. Read full article... Read full article...
Monday, August 06, 2007
Disturbing Trends 2007 - The US Dollar Under Siege / Economics / US Dollar
A critical juncture for gold and the U.S. economy
from the author of
"The ABCs of Gold Investing:
How to Protect and Build Your Wealth with Gold"
_____________
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Thursday, July 26, 2007
US Dollar Warning - This is going to dramatically affect you ... / Currencies / US Dollar
Larry Edelson writes: By every measure under the sun, the dollar is getting creamed, just like I told you it would.
It recently hit a 25-year low against the British pound … a record low against the euro … a 12-year low against the Thai baht … and a seven-year low against a third-world currency, the Philippine peso.
In terms of overall international purchasing power, the dollar is now at its weakest level in decades.
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Thursday, July 26, 2007
Will the US Dollar Break Down? / Currencies / US Dollar
For twenty five years (since 1982) I have held the view that the World's Central Banks operate in unison to ‘manage' the international markets in general and currency markets in particular. There was a short period after 1987 when, for a while, it looked like things might spiral out of control. On the day of the 1987 crash my attention was riveted to the computer screen. The Australian equity market took a 25% dive in about three hours. In the ensuing days and weeks I watched a parade of high profile captains of industry being rolled out in front of the TV cameras. To a man, they all said “No worries mate. She'll be right.”Read full article... Read full article...
Monday, July 23, 2007
US Dollar Threatens to Break Key Support Level / Currencies / US Dollar
After over five years of relentless decline, the worlds reserve currency appears now set to break the last important price support of $0.80. This level has proven several times in the past to provide well-needed support whenever the dollar has reached that line. Since the 1980s, the dollar has hit $0.80 six times and then strongly bounced from that level. However, technical evidence now indicates that the Greenback is likely to penetrate this line-in-the-sand for the first time over the next few weeks.Read full article... Read full article...
Friday, July 20, 2007
Sorry Ben Bernanke, the Buck Stops with You / Currencies / US Dollar
During his testimony before Congress this week, Ben Bernanke didn't hesitate to opine on a number of topics that had very little to do with his mandate as Fed Chairman. The wealth gap, racial factors in income inequality, and the impact of capital gains tax policy were all fair game. But when queried about the one issue where his impact is unrivaled, the value of the U.S. dollar, the Chairman quickly passed the buck to the Secretary of the Treasury. Conveniently, the Secretary was nowhere in sight.Read full article... Read full article...
Sunday, July 15, 2007
US Dollar at the Rubicon!... / Currencies / US Dollar
As many of you may recall, on the site we had earlier been wary of a substantial dollar rally, which was a big reason for fearing that a Double Top may be forming in gold and silver. However, the mounting evidence of an incubating major advance in the Precious Metals and PM stocks over the past few weeks, specifically signs of substantial accumulation of the larger PM stocks and the increasingly bullish COT profile of both gold and silver, have led us nevertheless to turn strongly bullish on the sector.Read full article... Read full article...
Sunday, July 15, 2007
US Dollar Expected to Grinds Its Way Towards a Bottom / Currencies / US Dollar
Hope everyone is having a better day than the US dollar is having. I expected the USD to remain within a wedge structure, but that pattern was invalidated as will be shown in the charts below. The USD is still developing a terminal impulse, but it is going to take on the appearance of a channel or an expanding wedge (if the USD goes below 79.5).
There is too much to lose if the USD is let to decline below 80.0 for an extended period of time, but I do expect 79.5, maybe even 79.0 to be briefly tested before starting the next move up in wave [C].x of the non-limiting triangle.
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Wednesday, July 04, 2007
US Dollar Dependence on the Fourth of July / Currencies / US Dollar
"...Has the United States confused the cause and effect of monetary vs. military dominance? To mark Independence Day 2007, let's count the cost..."
ON THIS Fourth of July – and with the Dollar trading at a 26-year low against the British Pound – it's worth remembering that both Thomas Jefferson and George Washington implored the United States to avoid foreign entanglements.
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Tuesday, July 03, 2007
Global Exodus from the US Dollar is in Motion / Currencies / US Dollar
Trading in the arcane world of foreign exchange is often akin to judging a reverse beauty contest. The trick to profitable trading is to pick the least ugly currency. Nearly all fiat or paper currencies are ugly, because the 18 of the world's top-20 central banks are inflating the money supply at double digit rates. At the moment, the world's two ugliest currencies are the Japanese yen and the US dollar.The Bank of Japan pegs its overnight loan rate at just 0.50%, in a brazen effort to devalue the yen, to boost exports abroad, and prevent an abrupt unwinding of the mushrooming “yen carry” trade. Meanwhile the Federal Reserve is inflating its M3 money supply at a 13.7% annualized clip, according to private economists, which if correct, would be the fastest rate of expansion in more than 30-years.
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Thursday, June 21, 2007
Escape from the US Dollar! The Crack-up Boom Series - Part III / Currencies / US Dollar
The Crack-up Boom series is exploring the unfolding “Indirect Exchange” (as detailed by Ludvig von Mises), that dollar holders will be using now to exit their holdings and eventually will be followed by all holders of fiat currency holdings, no matter which country is perpetrating the “fraud” of confiscation of wealth through the printing and credit creation process that all such monetary schemes evolve into. The “Crack-up Boom” will drive an inflationary global expansion to inconceivable heights over the coming years. Asset prices will skyrocket as people do what they always do when threatened; they will modify their behavior and do the things necessary for “SELF PRESERVATION” of their families, countries, economies and their wealth. Let's take a look at von Mises' description of the CRACK-UP BOOM once again:Read full article... Read full article...
Thursday, June 07, 2007
US Dollar, Gold , Interest Rates and Crude Oil - Four Sheets / Currencies / US Dollar
An old expression is often used. Most people remain unaware of its origin. “Joe is three sheets to the wind!” means Joe is stinking drunk, smashed, plastered, intoxicated, inebriated, and who know? he might soon go meet Ralph out back (i.e. vomit). Several years ago, a learned man of letters explained to me the meaning of the phrase, which came from the world of sailing. If a sailor loses control of his sailboat, which could be from heavy imbibing of alcohol (or fishing or reading or man's favorite dance sport), the three main sails are let loose to the wind, flailing thrashing and whirling around, not pulling the boat.Read full article... Read full article...
Saturday, June 02, 2007
Technical Speculator - US Dollar Nearing the $0.80 barrier, Now What? / Currencies / US Dollar
In this months issue, the topics are:
- Currencies: Nearing the $0.80 barrier. Now what?
- Commodities: Slowly moving up in June
- Economy: Expanding on schedule
- Global equities: Possible short-term pullback
- Equities: Small dip within main up trend
Saturday, June 02, 2007
The End of US Dollar Hegemony, Part I / Currencies / US Dollar
By: Congressman Ron Paul & The Daily Reckoning
*** The curse of living in interesting times…all paper money ends up as decoration…
*** Trophies from a monetary safari…the market is an unpredictable, headstrong beast…
*** Our dear readers prove to be smarter than us yet again…Ron Paul on FOX News…and more!
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Wednesday, May 30, 2007
US China Trade Imbalances - In the Shallow End of a Deep Pool / Economics / US Dollar
Recent talks with Chinese ended last week with the feeling that we have gained little ground. And with good reason. Only the US sees the growing trade deficits and the dollar-Yuan peg as a problem of growing importance.
T he Chinese general/philosopher Sun Tzu once wrote “. . . If you know the enemy and know yourself, your victory will not stand in doubt, if you know Heaven and know Earth, you may make your victory complete”. He seemed to be offering rather pointed advice several thousand years removed on how negotiations with the US should proceed.
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Tuesday, May 29, 2007
Head of the Trend: On Politics and Currencies / Currencies / US Dollar
Following the terrorist attacks of September 11, 2001 there was a spike in interest of opposing views generated by the Left and Right where even Hardball with Chris Mathews got parodied on Saturday Night Live because of its surge in popularity.
But polls soon showed a significant drop in interest for mainstream media outlets as independent news sites captured that attention. As the public became educated they then shared their found information with others as the Blogging revolution was born.
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Thursday, May 24, 2007
Don't Cry for the US Dollar, the Bounce in the Dollar will be Shortlived / Currencies / US Dollar
The Bretton Woods II principal propaganda plank has been buried, with no fanfare, no eulogy on a moronic indefensible myth chapter. Asia no longer supplies credit to the United States debt monster. That mantle has been accepted by a combination of the Persian Gulf oil producers and the counterfeit press, each showing strain. The transition is truly deadly. Increasingly feisty, if not hostile, sheiks in the hotbed of the Middle East have become the last remaining pillar of USDollar support.Read full article... Read full article...
Tuesday, May 22, 2007
Significant Changes for the Chinese Yuan and Japanese Yen are in the Winds / Currencies / US Dollar
With Paulson going to China again, it is time to look at what changes may come for the China manufacturing boom and financial/stock boom if China revalues the Yuan/RMB. Last week, China made some small moves to reign in liquidity, raising interest rates, increasing reserve requirements, and allowing the Yuan/RMB to trade is a wider band.
These moves are seen as a bit of dressing – in anticipation of Paulson's visit. Clearly, a major topic of that meeting will be to address increasing pressures for US trade sanctions with China. China, on the other hand, has serious problems with their bubbles – notably the stock bubbles – and has already been trying to modestly tighten liquidity for its markets.
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