Posts Tagged ‘dollar’
Crude Oil is Oversold; Testing Support
Wednesday, May 19, 2010 14:28 No CommentsThe selloff of in the price of crude oil may soon reverse as it’s become oversold (RSI below 30). So far, price has remained above the February lows which further supports our conclusion. The oversold condition shouldn’t come as a surprise since crude oil is priced in US dollar throughout the world and the dollar [...]
Strength in Short (Inverse) ETF’s, Volatility & Treasuries
Wednesday, May 19, 2010 7:08 3 CommentsThere have been a few bright spots in the current selloff. Short (Inverse) ETF’s, which move in the opposite direction of the underlying index, bottomed in April and have been rising since. Volatility, Treasuries and the US Dollar have also been moving higher. The Dollar, however, is overbought as discussed in this previous post.
Proshares Short [...]
US Dollar is Overbought
Tuesday, May 18, 2010 21:01 2 CommentsEuropean liquidation has put upward pressure on the US dollar causing the price level to reach an extreme. While securities/currencies can become overbought while staying overbought, the recent overshoot suggests a pullback is on the horizon for the US Dollar in the coming weeks. Recent RSI readings of 70+ (overbought) have preceded a decline.
Contrarily, in [...]
Rising Dollar Spells Trouble for Stocks
Monday, April 20, 2009 20:31 5 CommentsLast week we mentioned that the spring rally had reached completion.The major averages were coming up against major resistance at a time when an oversold rally was losing momentum. Admittedly, our call was a couple of days early but today looks like a key reversal day. If the selling continues into tomorrows close, last week [...]
US Dollar Losing Steam
Friday, December 12, 2008 19:02 No CommentsThe 2008 US dollar rally is losing steam and may be coming to an end. I know that the run up in the currency left many in the financial world scratching their heads. How can the currency of a collapsing economy strengthen? Why, when trillions of new dollars are being created out of thin air, [...]
Famous Quotes Regarding the Federal Reserve
Wednesday, December 10, 2008 20:29 2 Comments“The Federal Reserve banks, while not part of the government,…”
United States budget for 1991 and 1992 part 7, page 10
“The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.”
- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982
“From now on, depressions will be scientifically created.” [...]
U.S. to Decline & Breakup – Russian Analyst
Tuesday, November 25, 2008 15:53 No CommentsRussia’s RIA Novost Reports – A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts.
Professor Igor Panarin said in an interview with the respected daily Izvestia published on Monday: “The dollar is not [...]
$7.7 Trillion and Counting
Monday, November 24, 2008 19:26 No CommentsThe U.S. government is ready to provide $7.7 trillion of American taxpayer money after guaranteeing $306 billion of Citigroup Inc. debt yesterday. These pledges amount to HALF OF US GDP and almost four times the amount the Government receives in tax revenue per year.
The US dollar sold off on the news as gold spiked [...]
IMF Warns: Worst of financial crisis yet to come
Saturday, November 22, 2008 22:39 No CommentsThe IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.”The worst is yet to come,” Blanchard said in an interview with the Finanz und Wirtschaft newspaper, adding that “a lot of time is needed before the situation [...]
Wall St Bailout Cost Now Exceeds $4 Trillion
Tuesday, November 18, 2008 15:39 1 CommentThat’s right $4.28 trillion dollars. That’s $4,284,500,000,000. The total cost has now exceeded the total cost of World War 2, in inflation adjusted terms. Fannie Mae & Freddie Mac have cost the American taxpayer $350 Billion, AIG $110 Billion+, Bear Stearns $30 Billion and $25 Billion to the Auto Makers.
The US has shelled out $700 [...]





















