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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: RockyBalboa who wrote (6611)4/29/2008 4:13:11 AM
From: RockyBalboa  Respond to of 71458
 
The indicators for Europe suggest further dramatic weakening and the EUR loses ground again pushing it to recent lows. It looks as if Europeans are guided to lower rates (dampening inflation??, but particularly weak consumer confidence).

The USX recouped 73 quickly, heading towards 75.

THe US have successfully exported the economic trend. Given this, the EUR can not go anywhere; add tough credit markets in Europe to the brew and ready is the imported stag flation.



To: RockyBalboa who wrote (6611)5/1/2008 3:06:32 PM
From: RockyBalboa  Respond to of 71458
 
Half through, most things worked. The bounce in the treasuries is a bit off tho. I am not a big treasury fan.

Do Currencies also need to close gaps? If yes, then the EUR needs to close a gap just below 1.5000 as we are only half done with the correction from 1.6030

Payroll data tomorrow. EUR mini bounce?