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Strategies & Market Trends : John Pitera's Market Laboratory

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From: Hawkmoon	6/8/2007 8:57:33 AM
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CNBC is reporting that the USD seems to be stabilizing, which certainly will not be countered by higher yields as a result of the bond crash, IMO. That should only encourage more investors to purchase the higher yielding bonds in the future, and removing the inverted yield curve we'd been experiencing. Thus, the USD should bottom here and put pressure on other currencies. futures.tradingcharts.com So the question I have.. If the USD is shown to strengthen, what impact will this have on commodity prices? Certain USD denominated oil prices will decline.. And certainly export based industries will be impacted. And the last time we saw major strength in the USD, it seemed quite positive for technology stocks. Looking at the chart above, we saw a correlation between the 1999-2000 Nasdaq technology laden bubble and the soaring climb of the dollar. Anyone else agree as dollar sensitive (export) businesses absorb a higher dollar, that technology stocks are poised to move higher? And btw, anyone have a better historical chart for the USD? Hawk

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