No heavy ideological axe to griind or conspiracy theories to propound, just a simple look at the price action in the capital markets.
While some are focused on the demise of the dollar, the fact is that it has been appreciating and this is causing some confusion. See if this helps clarify what is happening.
The may be secret agreements and a grand conspiracy to manipulate the capital markets and commodities, but they are still largely understandable through rational analysis. Not being privy to such secret deals, here is one man's view of the near-term technical outlook for the foreign exchange market, bond, commodities and stocks.
Yes the US does not practice laissez faire capitalism. It never did. It manipulates sets intersest rates. The fx market is still understandable and the dollar is moving higher.
There may be one great conspiracy dictating the course of the capital market, but if there is not, what is the near-term outlook for the dollar?
The world may be a big conspiracy and civilization as we know it may end soon, but if you care what the dollar may do next week, take a look at this post.
Simple review of technical condition of the capital markets. Light on polemical zeal, and heavy on technical analysis.
The euro has fallen an unprecedented eight weeks in a row. The dollar set new five year highs against the yen before the weekend. Here is an overview of the near-term technical outlook.
A dispassionate discussion of the technical condition of the dollar.
It appears the Tim Horton's / Burger-King deal has sparked a serious surge in Canadian Dollar demand. CAD is up almost 1% today - its best daily gain since June 2012 - pushing to its highest in a month. We suspect the momentum of the initial "tax inversion" flow merely triggered stops and broke key technical levels (200-day moving average) to extend the move as it seems the 'Canada as an offshore tax-haven meme' is a bit of reach...
Overview of the technical outlook for the major currencies, bonds, Treasuries, stocks, CRB and oil.
Overview of the technical conditions of the major markets.
Overview of the price action in various currencies, S&P 500, Treasuries and the CRB Index
Outlook of the foreign exchange market in the week ahead, with some observations about equities and bonds.
A look at the price action in the major currencies, US Treasuries and the S&P 500.