Category: US Dollar
The analysis published under this category are as follows.Sunday, May 11, 2008
US Dollar Bottoming Against Major Currencies? / Currencies / US Dollar
The dollar is gripping tightly to its two-week rally even though the fundamentals have changed very little. So what's behind the market's sentiment shift?
Less-dovish rhetoric from the Fed? That could be part of it. After the FOMC meeting last Wednesday, the Fed is now expected to stop cutting rates for the foreseeable future.
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Thursday, May 08, 2008
Beware of the US Dollar's Fake Rally / Currencies / US Dollar
Don't mistake the U.S. dollar's recent rally for strength. If anything, it's a head fake of legendary proportions. In fact, the dollar's recent run-up is actually a warning that risks are escalating.
To better understand what I mean here, let's look at the greenback's recent performance against the euro. After bottoming at an all-time low of $1.6019 versus the euro on April 22, the dollar has soared nearly 4% and was trading at $1.5428 per euro early yesterday (Wednesday).
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Tuesday, May 06, 2008
US Government Facing Fiscal Armageddon- US Dollar in Deep Trouble / Economics / US Dollar
When a president tells you the economy's OK and wannabe presidents tell you it's a disaster ... or when Wall Street pundits change their story almost daily ... I can understand how it may be tough to know what to believe ... and even tougher to decide what to do.
But when three respected government agencies put out reports and data that unanimously lead to the same conclusion about the most important factor in your financial future, there's no room for disbelief, no excuse for inaction.
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Tuesday, May 06, 2008
Crude Oil - US Dollar Divergence / Currencies / US Dollar
We got a fairly decent level of angst mail yesterday, in relation to the series of charts John Ross put together, suggesting maybe the market is telling us the buck has bottomed. Some of the usual conspiracy kooks and some very real and solid reasons why the buck will make new lows again were included in our email box. Thank you to all for your feedback. We always appreciate it and learn from it.
One of our readers asked the following excellent question: “[B]ut how to explain dollar/oil to the crowd following that correlation?”
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Sunday, May 04, 2008
US Dollar Long-term Cyclic Trend Analysis / Currencies / US Dollar
Cycles are really just another way of looking at various trends of various degrees. Also, cycles in the market are really no different than many other cycles in nature. As an example, sometimes we have an early spring and sometimes it's late. Sometimes a particular bird's migration is earlier than normal and sometimes it can be a bit later than normal. In some winters the northern states experience more snow than in other years. Sometimes we have very active hurricane seasons and sometime we don't. The same is true with cycles in the market as they too, fluctuate in duration and intensity.Read full article... Read full article...
Wednesday, April 30, 2008
Will the Fed's Interest Rate Rollercoaster Ride Save the US Dollar? / Interest-Rates / US Dollar
Why we Americans ever abdicated our financial freedom to a group of 12 unelected individuals who sit on the Federal Open Market Committee, is beyond me. That being said, we are stuck with a system that allows an unaccountable and unconstitutional institution dictate the appropriate level of interest rates instead of the free market. Our founding fathers made it clear that they wanted money to consist of only gold and silver. They did this so as to guarantee that the money supply had intrinsic value and would be limited in nature. This would also allow bank interest rates to be a function of savings vs. demand, not a matter of decree. Because of the above situation, we have been forced to endure a dizzying ride of interest rate gyrations that have created severe imbalances in our economy.Read full article... Read full article...
Tuesday, April 29, 2008
How the FOMC Interest Rate Meeting Will Impact US Dollar / Currencies / US Dollar
Jack Crooks writes: The Federal Open Market Committee (FOMC) meets this week. As you might imagine, a lively topic of conversation this weekend among currency traders is the direction of the infamous Fed Funds rate.
The obvious question leading up to Tuesday's interest rate decision: What are the implications of this FOMC meeting on the U.S. dollar? More specifically, has the Fed Funds rate found a bottom, or does the U.S. central bank have more work to do?
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Thursday, April 24, 2008
“Hallelujah” for the Falling US Dollar?! / Currencies / US Dollar
Hallelujah, of course, is a word of praise. To use that word to describe the fact that the USD has lost 40% of its value in the last 5 years, however, is economic blasphemy. Yet last week on television I had the pleasure of debating a well known strategist on the fallout of our crumbling currency and his angelic chorus was heard praising the falling dollar because of his belief that it would boost exports, rescue the economy from recession and encourage future GDP growth. Truly, “Hallelujah for the falling dollar!” is exactly what he exclaimed.Read full article... Read full article...
Wednesday, April 23, 2008
Gold US Dollar Trend Divergence-Trading in this Market is No Kids’ Game … / Currencies / US Dollar
This morning, for our Currency Currents Members, we delved upon the divergence between gold and the U.S. dollar. Ultimately, we feel this relationship could prove crucial to the direction the currency market takes now and a short ways down the road.Read full article... Read full article...
Tuesday, April 22, 2008
United States- Death Of An Empire / Politics / US Dollar
What do you do when you no longer believe in something? I used to believe that economically things would eventually bottom out but I now believe we are due for hard times longer than I originally imagined. There are so many factors and fundamentals that refuse to quiet down. Instead, these issues are continuing to grow with a snowball effect. The momentum just grows higher and higher.Read full article... Read full article...
Sunday, April 20, 2008
Elliott Wave on Crude and the US Dollar / Currencies / US Dollar
Short Term Forecast Update - With a little more action in place, we have an update on the USD and Crude.US Dollar
The USD appears as an ending diagonal triangle pattern, currently in wave 4 of wave (5). The last update indicated that the USD was possibly in a (contracting) triangle but it will likely complete as an (ending diagonal) triangle.
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Wednesday, April 16, 2008
Gold Highs, US Dollar Lows Not for Long / Currencies / US Dollar
There is a fascinating technical situation in the euro-$ vs. the pattern exhibited by spot gold prices. All of the action in the euro from March 17 has carved out a "wedge" type of formation, with flag tops and rising lows, which should resolve itself in one pop to the upside into new high territory above 1.5915 prior to a powerful and nasty downside reversal.Read full article... Read full article...
Thursday, April 10, 2008
US Dollar Crunch Time / Currencies / US Dollar
‘Dollar’ and ‘Troubles’: two words that seem to go hand‐in‐hand these days. Well, if you’re disturbed about how poorly the dollar stacks up against major world currencies, I have bad news. Things could get much worse.Read full article... Read full article...
Wednesday, April 09, 2008
Has the US Dollar Bottomed? / Currencies / US Dollar
Jack Crooks writes: "A bottom in the dollar? Are you kidding me?" are just two of the incredulous questions you might be asking after reading this title. All snickering aside, I do think it's time to start considering something as outlandish as that.
Despite still strong evidence to the contrary, there is compelling logic to suggest that, yes, the buck has bottomed. And if that is in fact the case, a sustained rally in the greenback would certainly present a rather lucrative proposition. Today, we'll delve into that very scenario.
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Tuesday, April 08, 2008
Jim Rogers: More Pain for the Greenback, and the Failure of the Federal Reserve / Currencies / US Dollar
SINGAPORE - By bailing out Wall Street and applying "band-aids" to the economy, the U.S. Federal Reserve may well be causing its own downfall - even as it hastens the demise of the greenback as a viable global currency, investment guru Jim Rogers told Money Morning during an exclusive interview.
Because of such strategic missteps, U.S. consumers could be facing a long and painful economic malaise, similar to the "lost decade" of 1990s Japan, or the stagflation-riddled 1970s in the United States, Rogers said.
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Saturday, April 05, 2008
US Dollar Major Bottom Forecast Within Next Two Weeks / Currencies / US Dollar
This morning's update will look at two U.S. Dollar charts ... short term and long term.
The first is the weekly chart of U.S. Dollar going back to 2005. Very clearly, you can see that it has been in a down trend since 2005. Its descending channel has held steadily all the way down.
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Tuesday, March 25, 2008
The Collection Agency Weekly Report- Yen Carry Trade / Currencies / US Dollar
Welcome to the Weekly Report. Firstly a big thank you for the interest in this article . From the reaction I have seen, it looks like I put into print what many were thinking. Enough hindsight, let us see what opportunities and risks face us in the coming week, or longer. We take a look at the Financials, looking for weakness and strength, wonder what the Dow has to say and have a look at gold and a few other commodities. We finish with an example of current living standards in the US , thanks to an email sent to me a couple of weeks ago. Read full article... Read full article...
Sunday, March 16, 2008
US Dollar Continues to Get Clobbered by Negative Fundamentals / Currencies / US Dollar
Jack Crooks writes: There appears to be no end in sight for the sliding greenback. This dollar of ours is rapidly falling to depths where no dollar has gone before. In fact, to say that it's unclear when we can expect a recovery would be a gross understatement.Read full article... Read full article...
Thursday, March 13, 2008
Gold $1000 Sees Right Through Fed's 'Strong US Dollar Policy' / Currencies / US Dollar
Imagine that, an entire economy built around the ability of the American consumer to borrow and spend money he can never conceivably pay back. A consumer so gorged in debt that he eventually stops making payments on his mortgage, credit cards and others debts, putting an end to the gravy train ride of the financial institutions that facilitated the funneling of credit to the now beleaguered spender.Read full article... Read full article...
Saturday, March 08, 2008
Three Strikes Against the U.S. Dollar / Currencies / US Dollar
Outside of my family, the two great loves of my life are currencies and baseball. And there are so many parallels between the two it's not even funny. Take the notion of a "rebuilding season" ...
Here in Florida, I get a chance to closely follow Major League Baseball's spring training — that magical time once a year when fans get an up-close sneak peek into the season ahead.
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