Paper is out; stuff is in. That’s what the markets are telling us right now. The dollar, that esoteric, floating abstraction upon which the financial world erects its sandcastle economies, plumbed a new seasonal low this week, with the dollar index flirting dangerously with its support level of 77. “Stuff,” as measured by the CRB [...]
about 2 days ago - No commentsBank of America Merrill Lynch swings over to the quantitative easing-is-coming camp, raising new questions about the nuts and bolts of any Fed intervention. Go to Source @import ‘http://heyzap.com/elightbox/lightbox.external.css’; var heyzap_link = new Heyzap(‘heyzap_games’, {“embed_key”: “d673fbb81e”}); Play games on Finance Blog
about 3 days ago - 1 commentThe U.S. stock indexes closed mixed again today in subdued, pre-report trading. The stock index bulls still have the overall near term technical advantage as uptrends are in place on the daily bar charts. Traders are gearing up for Friday’s U.S. employment report. Look for more active trading in the wake of Friday morning’s jobs [...]
about 4 days ago - No commentsBoom. The dollar index continues to weaken. Next stop is 77. Join the conversation about this story » Go to Source @import ‘http://heyzap.com/elightbox/lightbox.external.css’; var heyzap_link = new Heyzap(‘heyzap_games’, {“embed_key”: “d673fbb81e”}); Play games on Finance Blog
about 4 days ago - 1 commentIf you've had a chance to read any of my other articles you'll know that I'm keen to pass on my advice and experience on buying stocks for beginners and stocks for beginners. One of the most common questions I've been asked recently is what will the hot stocks for 2010 be. Which stocks are [...]
about 4 days ago - No commentsFollowing yesterday’s reflation day, today saw a sharp reversal, especially in tech. But first, the scoreboard: NASDAQ: -21Dow: +15.78S&P 500: -1.77 And now, the top stories Following Tuesday’s big gains in the US, Asia had a hot night with Japan leading the way forward. The dollar continued slide (especially against the yen) and gold — [...]
about 4 days ago - No commentsThat’s basically the scene today… not too if you have your cash in standard-issue dollar-denominated assets. The dollar index is getting killed today, falling decisively below 78, while dollar alternatives like precious metals are rallying big. The Swiss Franc is a monster winner. A major loser? Big tech. The NASDAQ is off over 1%, with [...]
about 5 days ago - 2 commentsThe Market Vectors Gold Miners ETF(NYSE:GDX) made another new high for the year yesterday. This move higher comes as the U.S. Dollar Index declined to a new multi-month low. The GDX remains in a strong technical uptrend trading above the daily chart 20, 50, and 200 moving averages. The next important support level on the [...]
about 5 days ago - No commentsThere is only one chart that matters right now and it is the U.S. Dollar Index. As dollar falls the stock market indexes inflate higher. This morning the U.S. Dollar Index is trading lower by another 0.14 cents to $77.60. Since June 7th, 2010 the U.S. Dollar has declined by over 11.0 percent. Go to [...]
about 5 days ago - No commentsThe dollar index falls decisively below 78, as selling in the greenback has continued all night. Of course, you knew that already due to gold’s surge. Join the conversation about this story » Go to Source @import ‘http://heyzap.com/elightbox/lightbox.external.css’; var heyzap_link = new Heyzap(‘heyzap_games’, {“embed_key”: “d673fbb81e”}); Play games on Finance Blog
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