- Don’t Be fooled by the Commodity Rally….. Watch the price action to confirm a breakout. Is it possible to see the dollar and ‘Stuff’ go up long term?
- Uptick in Jobles Claims – what is up with that bro?
- ISM is better than expected but still below 50 – which is bearish
- Commdity Bull very, very Short term – cautious because $CRX.X, no GLD or SLV or KIWI buyers stepping in because of non-farms
- Equities Trader are no dummies – Buying commodity stocks as a hedg for tomorrow
- Timing of trades today seems curious
- The TAX payer is going to be left holding the bag through inflation – Jimmie what did Countrywide tell you
- Sara – Get back to SnR – is what you are doing repeatable, maybe it is analysis of entry setup, reuce the pip count and keep practicing, focus on few pairs.
- George – We didn’t know – near term downtrend, RBA looking to lower rates and commodities cooling off
Posts Tagged ‘fx’
If sometimes you wonder what exactly currency devaluations mean, and their ramifications, look no further: NPR did a great write up on this today called “Is a Weak Dollar Really so Terrible?” Some excerpts – many more in the article and a good read, especially if you are trying to get your mind around these relationships:
Weak Dollar: Cause for Celebration, or Despair?
That depends on who “you” are.
If You Are …
A worker at a Boeing plant — celebration, with one caveat. The weaker dollar means foreigners can buy more of what you make. That new Boeing 787 is now a lot cheaper for someone paying for it with euros or other currencies. The flip side is that a weak dollar makes U.S. firms vulnerable to a foreign takeover, because the firms themselves are also cheaper.
If You Are …
A commuter driving a gas guzzler — despair. A weak dollar means higher oil prices and, therefore, higher prices at the pump. Why? Those oil-rich sheiks get paid in dollars, and the dollar doesn’t go as far. So the market price adjusts to compensate — it’s already near a record high of about $80 a barrel.