The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (6608)	4/26/2008 6:34:21 PM
From: RockyBalboa	Read Replies (2) of 71459

April 30 could be the next acid test for the currency. It starts with the BOJ decision, later the day the widely watched European CPI is due along with UK and European Consumer confidence. Thereafter some more or less meaningless US numbers (US GDP, Consumption expenses) come in and if that was not enough the fed decision is due in the afternoon. Looks like traders have a busy week; with payroll data due on May 2nd. The program would call for a further steepening of the curve with treasury losing a bit more ground, and lots of USD buying, at least until the fed decision. Equities could see a surprise run because of good numbers (+ the fed). Then it´s monthend and CTAs want to seal another good month meaning there must not be any significant reversals. They could come in May, circa May 13, when things get funky again.

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