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Chart of the Week: Dollar Index

thetechnicaltake's picture




 

This past week Mario Draghi and the European Central Bank held key lending rates steady, but he hinted at his displeasure at a rising EuroDollar. This sparked a sell off in the Euro and strength in the Dollar. More importantly, it brought forth the notion that currency wars are in our future as a rising Dollar is not what the Federal Reserve wants. As one commentator put it: the currency wars are just beginning. It is a race to the bottom.

Full story in the video (after the shameless plugs!)

cow.2.8.13.dollar from ARL Advisers, LLC on Vimeo.

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Mon, 02/11/2013 - 18:41 | 3234945 Jack Sheet
Jack Sheet's picture

Probably best to shove it up your proprietary oscillator.

Mon, 02/11/2013 - 00:13 | 3232226 jballz
jballz's picture

 

Hey video guy 

The 20th century is over, you can go ahead and  NEVER EVER SAY "at dubleyu bubblyou dubbleyou" again. 

You can, but those of us who aren't fucking morons will just assume you are and stop watching anything you follow it up with.

 

Thanks.

Mon, 02/11/2013 - 01:56 | 3232357 I think I need ...
I think I need to buy a gun's picture

silly me i thought we were under the "strong dollar policy" of Rubin/Bush era

Sun, 02/10/2013 - 22:42 | 3232004 The Miser
The Miser's picture

Looks like we are in for a ride on the rollercoaster of life with no idea where we will be - oh shame on me. We will be in Bernak/Banker land when this all ends. Oops - we are there already.

Sun, 02/10/2013 - 21:30 | 3231833 Orly
Orly's picture

Wrong, wrong and wrong.

The DXY is strengthening on the back of the massive sell-off in Euros.  Profit-taking at its finest.  Once EuroDollar hits altitude of 1.40, they tank the Pound Sterling.  DXY barely budges.

GBPUSD to 1.42 by year-end (if not sooner...).

:D

Sun, 02/10/2013 - 20:39 | 3231725 besnook
besnook's picture

the dollar is kinda fucked if bernanke wants to devalue it since all the dumb money will want the dollar in lieu of nothing better to hold(except gold,silver) in anticipation of more currency devaluation. it does give bernank lots of room to print, however. it also gives the yuan the gap to take more money share.

Sun, 02/10/2013 - 20:33 | 3231715 orangegeek
orangegeek's picture

Here are the main currencies that weigh against the USD.

 

Yen, GBP are tanking.  CAD and Euro have started to tank.  The US Dollar is likely headed up as a result.

 

http://bullandbearmash.com/chart/dollar-weekly-142-heading-resistance/

Sun, 02/10/2013 - 23:05 | 3232067 willwork4food
willwork4food's picture

What is the significance of your percentages of 'weight'?

Mon, 02/11/2013 - 07:23 | 3232517 orangegeek
orangegeek's picture

First.  These are not my percentages.  These are the percentages of the US Dollar index.

 

Second.  If you can't see the significance, try using a calculator or a spreadsheet.

Sun, 02/10/2013 - 23:33 | 3232140 Orly
Orly's picture

It's the DXY?

Sun, 02/10/2013 - 19:43 | 3231572 eddiebe
eddiebe's picture

It doesnt take a genius to figure out that in a fiat currency world there will ultimately be a currency war. The genius is to know what to do about it and once done, to hold firm.

Sun, 02/10/2013 - 21:39 | 3231856 waviator
waviator's picture

I wish I was a genius. I can't figure out if its deflation or inflation. Dollar collapse or Demand collapse. I know the bankers are going to make out. But since I can't kill them, and I want to, how do I join them?

Mon, 02/11/2013 - 02:14 | 3232378 devo
devo's picture

Buy bank stocks?

It's inflation, btw.

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