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Guest Post: Dollar Closes About 50 Day Average On Dubai, Japan Emergency Meeting, And A Strong NFP Report
Submitted by John Bougearel of Structural Logic
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I am going to laugh my ass off when both the US equitity market and the dollar strengthen at the same time.
Thanks for that insight, Leo...
how is a 2008 event the two-year anniversary of a 2007 event as stated in the first sentence of the report?
I am going to laugh my ass off when both US equitity and the USD strengthen at the same time.
You're not the first person to mention that. I read a bloomberg article that was calling for interest rates, the dollar, and equities to rise simultaneously.
You mean like Friday? Is it inconvenient not having a poop chute?
WSJ:http://online.wsj.com/article/SB10001424052748704342404574575761660481996.html?mod=WSJ_hpp_RIGHTTopCarousel
Well what do you know, we got the WSJ screaming the FED death nell.
Funny, but the WSJ has a better record of forecasting economic trends than the Fed since 2003.
December 9, 2003 editorial:
http://online.wsj.com/article/SB124572415681540109.html
Excerpt from the FOMC minutes of December 9, 2003:
http://online.wsj.com/article/SB124571683373339299.html
June 24, 2009 editorial:
http://online.wsj.com/article/SB124571726165339157.html
I support this view. Your thoughts, Rep. Grayson?
One day move up and everybody is jumping on the dollar bull bandwagon. Don't forget that the DXY constitute many other currencies beside the JPY,and with the Aussies high interest(I don't know about the Canadian or the NZ Dollar). So there are many other hurdles in front of the dollar. And what about perception and phsycology?. QE and all,only when I see the Eurozone and at least one other smaller economies (may be the Canadians)join the wagon of QE,then we can talk about a dollar ralley...
UJPIX up 21.36% in just a week. If only you knew ahead of time, on Nov 30 to get in! admin http://invetrics.com
The bear market rally shows signs of weakness.
We will make new equity lows according to my charts and my USD indicator has been giving BULLISH warnings for several months and am still expecting a dollar rally.
My indicators can identify trend changes before they occur.
They warned me of an impending market crash back in early *2007*
http://www.zerohedge.com/forum/market-outlook-0
Perfect set up for the Treasury auctions next week.
another great example of grandma wisdom "market participants need to be cautious [] ether long or short"... Its in the same great league as never talk to strangers, and wash hands before dinner
Japan will sell into this strength, thats the rumor anyway.
Who the hell would not sell into USD strenght ?
Excellent and prescient.. give or take a year! (in your headline you do mean Nov 25, 2009, don't you??.)Seriously, I agree a strong rally is indeed coming, although beyond 6 months I would not bet on dollar strength: the conflicting effect of the printing press up against (what I believe is) the "shock of the new": a deep American consumer disenchantment with your economic model,is just too destabilising. Worsened by your political divide: US reminds me of UK at the start of the Thatcher era - dramatic polarisation. When, as now in the US, each side sees the other as implacable enemy to be deleted from the political scene rather than loyal opponent with whom one can argue rationally, it means you are close to a very major watershed in your polity. Given US' global position, that is pretty disturbing to the rest of us.
you mean "above 50 day MA"?