Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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GROUND ZERO™

mary-ally-smith

To: GROUND ZERO™ who wrote (89513)	2/6/2017 2:50:46 AM
From: John Pitera	2 Recommendations Read Replies (2) of 218517

HI GZ, I need to see the $USD stay below the upper blue Horizontal line for at least 3 days this week and preferably see next weeks close below 100.60 before I become more intermediate term bearish on the USD. The daily and weekly EUR/USD, USD/JPY and GBP/USD.... none of the 3 of them look that bullish to me. the USD/JPY is the interbank way of quoting.... let me say that the JPY futures on a daily basis do not look that bullish to me. The reference currency is the one on the left and so the EUR and GBP are the reference currencies they move up and down vs. the USD... with the $/Yen the $ moves up and down against the Yen. we are still in a world of competitive currency devaluations..... and where will currency assets gravitate when the next global destabilizer shows up....... the answer is very likely the USD.... Especially with our higher interest rates. but we shall let he market do the talking. I'm running lean and letting the market do it's talking... John

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