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Risk Currencies Close Out The Week On Weakness
In a sign of risk appetite declining, EURJPY dipped despite Euroland GDP numbers coming out above consensus. While easy to ascribe the plunge to weak US consumer sentiment, it's interesting to see movement even on more stable pairs. Separately, the yen closed out on strength versus most commodity currencies as it increasingly becomes the China hedge. As we noted in BRL weakness before, the real dipped for a weekly loss against the dollar for the first time in over a month and seems poised for further weakness. Inflation continues to be a fading concern in both developed and developing countries as 10 year yields dropped in both the US and Germany.
Next week's open will be watched very closely to see how this plays out.
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No doubt, next week is going to be a make or break test of:
- GridBot
- ForexRobot
- Forex MegaDroid
Wonder if the program robot circuitry will be able to stand up to the volatilty from various jawboning from central banks, FOMC members, O-Team cheerleaders, and the myriad number of "experts" which show up on CNBC World and Bloomberg TV.
Keep an eye on these:
yo RoboT, why no new articles today
maybe it reminds you of this .. http://www.youtube.com/watch?v=2VyzII09Hos
That's not so much a comment, as it is a nested blog.
you should start using smallcharts.com so I don't have to scroll down eight fucking pages every time you post...
Would've been really nice with some hotties stuck in between those charts. Ain't nothin more explosive than a mix of money and sex (which is why I think I'm addicted to your posts).
yeah, there seems to be a problem houston, no more mix of money and sex on zerohedge¥
what the fuck
BRL too overvalued, the central bank keeps buying USD at least once a week. They say they're providing liquidity, but we know they're trading to win. Big profits for Lula.
i need good sources of international financial news (like brazil buying usd), any rss feeds you would recommend?
I use the local one, but it's in portuguese :(
http://economia.uol.com.br/ultnot/
The central bank usually acts between 2-3pm ET for 10 minutes bids
Reuters publishes news releases from the Brazilian central bank and other subscribers. I know I've seen their releases regarding dollar purchases there.
sleazy linking practices; borderline fraud ..http://www..
hat tip: gay porn and deceitful, slimy operators
I'm loving all this dollar bullishness. The flight to safety in a safe haven currency likethe u.s.dollar. It will be just like last year about this time, without a doubt. Humm.....now I'm worried.
here's another forecast: USD down, bonds down, stocks down.
Gold up.
Prechter and Faber both expect a dollar rally but I'm not 100% clear on what the line of thinking is to reach such a conclusion. Is it equities down with money moving to treasuries for "safety", dollar up, gold down? Or does it have more to do with lower inflation expectations? Most of my trading is in Silver and I unloaded a majority of my position on Friday so I am hoping you are correct. Would love to load the boat on Silver at $11-$12 before a huge run.
Got it. Thank you kind sir.
"Inflation continues to be a fading concern in both developed and developing countries..."
Which tells me that it will be a significant one in the very near future and also that it ain't too late to get into the inflation trade. Just like '08 was the year of deflation, '09 will be the year of inflation (by the time we are done with it i.e.). We are now in the period of deflation-inflation oscillation that occurs right before a fiat money system dies in a hyperinflationary blowout. Enjoy!
OK, so what do you get into to benefit from the "inflation trade?"
no wonder you ended up in prison.
not sure why everyone is soo concerned about inflation with cap utilisation at 68.5% and underemployment (U-6) at 16%....you need years of jobs creation and production growth before we will see any inflation. And while Bernanke is printing hundreds of millions of $, credit is imploding at a rate of trillions, how anybody can expect inflation in such an environment is beyond me. Lastly, with 98% of the investment community bearish on the USD, it will probably go the other way.
Sunday, 8:21 eu/yen at 134. $ firm.
what's it gonna be?
Breakdown.
sleazy linking practices; borderline fraud ..http://www..
hat tip: gay porn and deceitful, slimy operators
In Oct 07 Jason "crazy eyes" Trennert came out with a 1600 S&P target.
Last week he called 1900 S&P, 110 $/Yen....so its got to be S&P back to lows and USDYEN 85-90 for now if numbnuts trennert is calling stocks and USD up.