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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6802)2/3/2004 6:27:42 AM
From: Jim Willie CB  Respond to of 110194
 
dont forget though, DXY is just an anti-euro index
it is largely meaningless in trade deficit considerations

jyen is now at 95 (105 in dollaryen terms)
this is what is important now

the DXY receives too much attention
IT IS MEANINGLESS

/ jim



To: mishedlo who wrote (6802)2/3/2004 6:32:38 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
back to the TNX and its inverse head & shoulders pattern

stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

the 4.0% neckline has not been violated
even after all this

with fakeout economic growth showing some strength
with rising commodity prices resuming
I still see rates heading to 5.0% this summer

/ jim



To: mishedlo who wrote (6802)2/3/2004 7:38:33 AM
From: westpacific  Respond to of 110194
 
ECB will not cut IMO......a strong Euro via interest rates will keep this currency strong. Being so new, they will keep rates high and will win, could even become a new global reserve currency.

Remember the Euro Zone now represents close to 500M people, they could trade within the zone and do just fine. They do not need the USA or other markets. And it may grow even larger.

Euro to 1.40 near term, higher longer term...........