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

To: RockyBalboa who wrote (21148)	7/3/2009 8:20:04 AM
From: zamboz	1 Recommendation Respond to of 71427

Just when I thought we need a Japanese poster, Jesse posts two good Japan pieces. jessescrossroadscafe.blogspot.com jessescrossroadscafe.blogspot.com

To: RockyBalboa who wrote (21148)	7/6/2009 3:16:07 AM
From: RockyBalboa	Respond to of 71427

This kind of trading looks a bit like Summer 2007; only difference is the level; here, the pound took a quick 3c drop as the DX tries to scratch 81. Once the cross exhausts the EUR "must" drop to 1.37s - if that happens today. Liquidity has completely dried up. Since correlations always go to 1, also the stock market is in for a rough day, ------------- Sterling adds to losses, hits 1-month low vs dollar LONDON, July 6 (Reuters) - Sterling hit a one-month low against the dollar on Monday as traders continued to dump the UK currency after on the back of last week's dismal U.S. payrolls figures, which cast doubt about an improvement in the global economy. Sterling fell more than 1 percent from late levels in New York on Thursday to $1.6134. its weakest since early June. Some traders cited macro funds selling the pound against the U.S. currency, while other said that stop-loss orders were also triggered around the $1.62 region. The pound slumped 1.5 percent against the yen to around 153.90, roughly its weakest since early June. Market participants said slide in the pair was dragging sterling lower across the board. The euro was up 0.8 percent at 86.31 pence according to Reuters data, its highest in around a month. (Reporting by Naomi Tajitsu) ((naomi.tajitsu@reuters.com; +44 207 542 5830; Reuters Messaging: naomi.tajitsu.reuters.com@reuters.net)) Keywords: MARKETS STERLING/SLIDE