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

To: ggersh who wrote (21626)	7/29/2009 1:38:30 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71423

ECB PPT indeed, this is a miracle, but evidently Volkswagen is again influencing the Dax, indirectly. It fell alot, like 6% since players sold it and bought Daimler and BMW instead of. But since Vw is hardly represented anymore in the Dax, only the rising stocks (BMW, etc...) count. This alone should have gained the Dax 40 points or so. Wll if the market loses its stability, like last year, there will be a lot of fallout in the currency. The ECB is unhappy with the euro price for a time anyways and it required lots of dollar selling to support the Eur level, if players are overleveraged and too short the dollar, then a cave-in like last year could be possible any day.

To: ggersh who wrote (21626)	7/29/2009 6:33:51 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71423

Will be interesting to see what the asians are cooking up today. One very obvious try would be to pierce 1.40, its only 30 points to go but so far, no sellers come forward. Yesterday it spiked to nearly 1.42 in the session only to fall back later below the support and confirm the sell signal. Longer term...well if the US is recovering (if you believe the numbers) and Europe falling further behind the curve then the Eur could decline. Many analysts consider it overvalued and 1.32 to 1.35 the best what it should see.