SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: High-Tech East who wrote (13113)6/30/2002 9:47:51 PM
From: Haim R. Branisteanu  Read Replies (1) of 19219
 
Ken, if the USD stays stable or start to inch up it will confirm a bullish hammer. Further there is anecdotal evidence that the FED is not to happy with the sudden fall of the USD.

From a fundamental point of view EZ is not even out of recession and may slide in a second dip as exports will falter. At 9.1% unemployment and over 2.5% budget deficits in Germany France and Italy there is not a lot of hope if exports weaken.

..... on a daily basis the EUR went parabolic since June 17 over 5.5% why to fast by any measure.

In the meantime wages are rising / rose at an over 4% pace in EZ which compounds the problems for EZ exporters. In other words since April the unit cost in EZ rose by around 14% to 15% which will wipe out any profits from exports.

On an adjusted basis the EUR was around 0.88 in April and now at 0.993 x 4%=1.033 or so wage adjusted.

IMHO the US economy will recover faster due to the lower USD, starting with the hospitality industry.

those are my 2 cents.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News