Category: US Dollar
The analysis published under this category are as follows.Saturday, August 29, 2009
Global Economic Recovery Good or Bad for the U.S. Dollar? / Currencies / US Dollar
Bryan Rich writes: If you’ve followed my commentary on currencies here in Money and Markets, you are well aware of the risk dynamic that has been driving currencies and other financial markets since the middle of last year.
In this crisis environment, market participants have been keenly focused on risk. And the dollar has served as the primary safe haven vehicle for global capital.
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Tuesday, August 25, 2009
The U.S. Dollar is Dying / Currencies / US Dollar
Richard Daughty writes: The Economist magazine had the Buttonwood blog titled “Law of Easy Money,” which immediately gets your hopes up that there is such a thing as “easy money,” which actually exists (just ask Connecticut’s Senator Chris Dodd!), but unfortunately not for guys like you and me who don’t have the political power and grease to extort money and skim taxpayers, which is gratuitously rude and scandalous, I agree, but which only shows the depth of my contempt for the huge, huge, cancerously huge, ridiculously and dangerously incompetent, ignorant and stupid system of governments in America, as exemplified by the despicable Congress and the even more despicable Senator Dodd.
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Monday, August 24, 2009
Japanese Yen Fractal Path for the U.S. Dollar? / Currencies / US Dollar
Though I keep hearing how we're different than Japan and their lost two decades of deflation (or as close to it as we seem to get in a fiat world), we are making the same foolish mistakes: protecting the financial/banking keiretsu that caused the current mess, burying the bad debt under a cloak of secrecy, and engaging in a massive quantitative easing campaign to "stimulate" the economy.
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Tuesday, August 18, 2009
U.S. Dollar Key to Financial Market Trends / News_Letter / US Dollar
The Market Oracle Newsletter August 16th, 2009 Issue #64 Vol. 3Read full article... Read full article...
Sunday, August 16, 2009
U.S. Dollar Unusual Behaviour Despite Continuing Risk Taking Environment / Currencies / US Dollar
Bryan Rich writes: Last week the U.S. reported better-than-expected employment data. And the markets liked it. Stocks rallied. Yields advanced. And the dollar actually moved higher.
A move higher in the dollar on good U.S. economic data might make perfect sense in most environments. But in this crisis environment, it’s unusual …
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Saturday, August 15, 2009
U.S. Dollar Bull Market Update 5 / News_Letter / US Dollar
The Market Oracle Newsletter August 14th, 2009 Issue #63 Vol. 3Read full article... Read full article...
Friday, August 14, 2009
U.S. Dollar Bull Market Trend Forecast 2009 Update / Currencies / US Dollar
This analysis seeks to update the existing U.S. dollar analysis of January 2009 by evaluating whether or not the U.S. Dollar bull market remains intact and to project a trend for the USD into year end. The sideways trend of the USD for the past 6 months in the wake of the "Quantitative Easing" headlines that has repeatedly brought the Dollar collapse proponents back out of hibernation on each down leg has shown little deviation from the road map of 20th Jan 09 as illustrated by the below original price chart.
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Thursday, August 13, 2009
U.S. Dollar Pressure (Countdown) Toward Breakdown / Currencies / US Dollar
The Paradigm Shift continues to displace the power centers and introduce new ones. Those bright souls who ignore the shift will be well prepared for systems that soon do not stand. The Americans are the last to know, oblivious to the global shift in progress. They continue to seek a return to normalcy, when old conditions are as gone as a baby’s innocence during teen years. The crux of the matter is that the United States is no longer in control of its fate. Meetings with creditor nation leaders result in new orders given, and new policy directives enacted.
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Wednesday, August 12, 2009
The U.S. Dollar Comes to the Rescue of Consumers / Currencies / US Dollar
The almighty dollar has come to the rescue and just in the nick of time, as our hero – the consumer – was nearly out of cash and unable to spend to keep the giant economy moving. So the government waved their magic wand and poof a few billion dollars were created and tossed to those wanting to be ecology minded, who then traded in their big ugly vehicle for a nice new, more efficient one. Voila, not only do we have economic growth, but too the specter of employment to create these cars and all the other items the consumer will want now that the can spend again.
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Tuesday, August 11, 2009
Back to the Future for the US Dollar, Addendum- The Japanese Yen / Currencies / US Dollar
This is an addendum to the recent BullBear Market Report:U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal
Yen Carry Trade
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Monday, August 10, 2009
U.S. Dollar Index the Key to Financial Market Dynamics / Currencies / US Dollar
Over the next couple of weeks, I will attempt to put together an asset class road map that should help navigate the weeks and months ahead. In a nutshell, I would have to state that I like commodities over long term Treasury yields and equities, and the key driver will be the falling US Dollar Index.
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Sunday, August 09, 2009
U.S. Dollar May Soon Confirm a Secular Bear Trap Trend Reversal / Currencies / US Dollar
In the last BBMR we focused on the US Dollar and concluded that a major break of very long term support was imminent and that a substantial devaluation of the greenback vis-à-vis its major currency pairs and commodities was likely. It’s always healthy to revisit one’s conclusions in light of developments in the market. Recent action has caused me to reevaluate and question the bearish view on the USD and commodities as well. I think that there is a valid bullish case to be made for the Dollar as well as a bearish case for gold, silver, oil and other commodities. I will explore these views in this report.
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Friday, August 07, 2009
US Dollar Index, Third and Final Bear Market Downleg? / Currencies / US Dollar
An earlier failed attempt to embark on a recovery phase, thwarted by a 23.6% resistance area, has seen the Dollar Index slipping lower. However, it could be that this is a final downleg…
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Friday, August 07, 2009
U.S. Dollar Crash in September/ October 2009 Rumours / Currencies / US Dollar
There have been disturbing stories/rumors going around that the USD is poised for a crash episode in the Fall. The stories are basically anecdotal. One suggests that US embassies have been told to gather a year’s local currency in their host country. That is one example.
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Thursday, August 06, 2009
U.S. Dollar Stage #1 Breakdown, Lost Control & Economic Mythology / Currencies / US Dollar
A great question to ask is: what was the first important chapter written in nonsensical Economic Mythology? It gave powerful intellectual protection and coverage by economists, and resulted in widespread acceptance. The answer is clearly the break in the Bretton Woods Accord, when in 1971 Nixon broke the gold standard and permitted the USDollar to float on a cloud of arrogance and on a wave of liquidity that is best described as debt mixed with counterfeit. Little known then, but better known now, is the role of the USMilitary in propping up the value and acceptance of the USDollar.
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Thursday, August 06, 2009
U.S. Dollar Crash Has Started as Pressure Mounts / Currencies / US Dollar
The US Dollar has shown further weakness during the last days. The support at about 78 in the US Dollar index has been breached to the downside. Technically, this means that the downside target of about 67 has been activated, and that downside momentum should be building up during the next days.
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Monday, August 03, 2009
US Dollar to Remain Dominant International Reserve Currency For Many Years / Currencies / US Dollar
Prof. Rodrigue Tremblay writes: "The empire of the dollar is crashing." Hugo Chavez, Venezuelan President
"The U.S. dollar is a worthless piece of paper." Mahmoud Ahmadinejad, Iranian President
[The U.S. dollar is] "losing its status as the world currency." Xu Jian, vice director, People's Bank of China,
Friday, July 31, 2009
U.S. Dollar Collapse Starting Next Monday ? / Currencies / US Dollar
The trading week finished with a further attack against the US Dollar, reversing a short-lived strenghening of the US Dollar that could be observed during the last two days.
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Wednesday, July 29, 2009
U.S. Govt Yuan Bond Threat to U.S. Dollar / Interest-Rates / US Dollar
The tables are fast turning against the deeply indebted USGovt officials. USA Inc is in deep trouble. Its productive engines in both finance and industry are either wrecked or sputtering, even as its debt burden grows exponentially. Debt default litters the landscape. Next its sovereign bonds will be have to be sold to some extent outside the US$ Sphere, which will put at great risk its stock, namely the USDollar itself. Let’s call them USGovt Dragon Bonds.
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Saturday, July 25, 2009
U.S. Dollar Became the World's Reserve Currency 65 Years Ago / Currencies / US Dollar
The historic conference in Bretton Woods ended on July 22, 65 years ago. The members of the conference agreed to establish a system of payment based on the US dollar and established the dollar peg with gold. The conference also resulted with the establishment of the International Monetary Fund and the World Bank.
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