Search completed
These are the types of days that must make Bernanke yearn for QE3. It’s all red on the screen, except for a few notable exceptions – namely gold, and the dollar. The dollar has turned around nicely since its late April lows, and has quietly traced out a set of “higher lows”. The buck (decline) […]
The poor greenback – it’s the most hated asset on the planet right now. And why not? We know that the Fed wants a weaker currency, and appears determined to continue to devalue the buck (in an orderly fashion, of course). But markets never trade in straight lines, and the “short dollar, long everything else” […]
Earlier today, we wrote about the near-breakout in European bond spreads, and highlighted the euro’s potential breakdown versus the buck. Our pal Brian Hunt, though, has astutely pointed out in his always-excellent Market Notes column that the euro has not been holding steady – it’s been falling apart! You see, one of the big myths […]
Alright, so you’re all spun up on investing in the Chinese renminbi (yuan). Short of flying to Shanghai, many folks have asked – how the heck do I buy the renminbi? Good news – EverBank now allows you to open an account denominated in Chinese renminbi. Click here to learn more. In case you’re not […]
Whenever everyone is on one side of a trade, you can be sure a sharp reversal is only a matter of time. Traders entered today with near record short bets against the US dollar: CFTC Commitment of Traders data shows that speculators remain heavily net-short the US Dollar against the Euro, British Pound, Canadian Dollar, […]
Sentiment on the dollar is in the tank – and we’ve got a pretty decent crisis on our hands in the Middle East. So you’d think with all the bad news already priced into the buck that this turmoil would be enough to send the dollar sprinting higher. Good guess…but thus far, an incorrect one! […]
Courtesy of Sy Harding, who shares my bullish dollar sentiment (at least for the intermediate term). Sy writes in his latest Street Smart Report: U.S. Dollar. We remain on the buy signal for the dollar. Our buy signal was based mostly on the short-term charts and indicators. They turned positive when the dollar reached the […]
Here’s a guest piece by Bud Conrad, who picks apart Bernanke’s latest follies, both at home and abroad, as he continues on his mission to devalue the US dollar in an effort to get the US economy jumpstarted again. (The only question in my mind is not around Bernanke’s motivations – we know them – […]
Repeat after me: “They are still all the same markets!” There’s the US Dollar – and then there’s everything else. And the dollar, just days after QE2 was announced, turned up in sharp fashion. Some final nail in the coffin that was! It appears this is STILL the only chart we need to watch. (Source: […]
Well, it’s about time! The dollar is AT LAST starting to “show some signs”, as play-by-play guy Marv Albert would say: Source: StockCharts.com At the beginning of this month, we listed 3 reasons the dollar was due to rally. Reason #1 was an intermediate term trend that appeared to be heading up since 2008: Since […]
Recent Comments