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Dollar Has Given Up Employment Number Gains Vs Yen - Back To Under 95
The schizophrenic risk attitude in the markets recently has dominated the attention of most market watchers. Breaking from the current pro-risk circuit, USDJPY has reverted back to 94.5 resistance level that it straddled the week prior to the US unemployment numbers.
We're hard-pressed to believe that this may actually be due to some fundamental reason so it definitely interests from a technical perspective. A dip in USDJPY would not be surprising at this point.
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http://www.bloomberg.com/apps/news?pid=20601087&sid=aeD0JMxdEA_c
"Aug. 19 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar will probably fall as it loses its status as a reserve currency."
It's time for end of the world sex!!
Yeah, Bill Muzzy gave me a ring to push that back up the agenda.
I joke, I joke...
Back to life, back to reality - http://www.youtube.com/watch?v=qvC1ijiyv1c
FC was on Dutch TV tonight. In Dust We Trust.
Aha! so that's where this dollar collapse scenario is coming from...Thanks!
Seems to me like we alredy had our false downwards breakout from this wedge.
Either you are wrong in your short term view or Pretcher and many other johnny come lately dollar bulls are wrong. Of course everyone can be right if the EUR/JPY would just roll over and die...
I think Dollar bulls may be correct short-term under the situation of further global deleveraging -- but imo we are looking at significant pressure on the USTbond / USD currency complex through late 2009 and through 2010 and beyond.
You are insane if you have not hedged currency risk! Just Project Mayhem imo. Thanks for the info Dr Cornelius.
"It's the dollars and cents, and the pounds and pence, and the mark and the yen -- and yeah we're gonna crack your little skulls, we're gonna crack your little skulls..."
-Thom Yorke
Well yeah.... PIMCO/Tyler Durden agree: http://www.bloomberg.com/apps/news?pid=20601087&sid=aeD0JMxdEA_c
Yeah, those 3% will be right
HARTFORD, Conn., Aug. 18, 2009
Attorney: FBI Trained NJ Blogger To Incite Others
http://www.cbsnews.com/stories/2009/08/18/ap/hightech/main5250148.shtml
and why oh why do we wish to remain (at least somewhat) anonymous even though those with static IPs may as well have a mark on their foreheads.
Hasn't broken down just yet.
Remember, Shiracowa or Trichet can utter mere "words" to get these currencies flying in either direction, because too many ForexRobot, GridBot, and ForexMegaDroid gamers are trying to daytrade these with 300:1 leverage...
Dollar
lol
not daytrade -- more like failtrade, haha. my God, the blood, it's everywhere!
USD/JPY has resumed its 25bps per minute moves in the hours surrounding Shanghai Surprise opening.
isn't is possible that prior to the dollar collapse that everyone is predicting, the ruling class create another financial meltdown into which they distribute the accumulated treasuries sitting on the fed balance sheet?
once this has been duly satisfied, then begin the inflation game as joe sixpack ends up holding the bag once again as they thought "hell 2% is better than that damn casino called the stock market". unbeknonst to him that those treasuries will then get their asses handed to them yet once again.
result - keeping everyone on the treadmill whos is not part of that 10% TD cut the data for the other day.
My thoughts EXACTLY... the end of QE means the end of the stock slush fund and the end of the bear rally. The peasants will fear this firey display and rush into the bond market mere weeks before its final breakdown.
Don't worry. Just a phone call to our lapdogs in Japan and we can get it right back up over 97 in a matter of minutes.
This is what you get when you conflate WOW and Day Trading
Fail-trade: large corporate support of the destruction of small scale day traders
I thought just a while ago GS called for higher usd vs jpy. So the pimco vs gs game continue. Now pimco=1,gs=0. May be by year end it will be gs=1 and pimco=0. I hear there is about three trillion in retirement fund still in money market fund. I think by 2011, GS=1.5 T,and pimco=1.5 t will be the outcome. Retires funds by then(ssi+medi)all will =0. It is only fair for such an outcome. after all,if not for gs and pimcos of the world,where would the world be by now?
Since Bair has dredged up that horrific "bad bank" idea, maybe they're thinking about creating a bad bank for the Fed. Just a thought...
I expect the U.S. dollar to move higher over the next couple of months as GDP is supposed to start growing in 3Q09.
This may limit market upside for a while.
See also http://invetrics.com
"Aug. 19 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar will probably fall as it loses its status as a reserve currency."
>>PIMCO said this 2 yrs ago also......one of these days they'll be right