350zCommtech's Account Talk

I have no idea how the dollar will perform against other currencies. How long do you think it will continue to hold its current value? Should I buy some euros or is it too late to buy?


IMO, this might just be a correction in the dollar. The fundamentals of the world economy is much worst than the US. The trend for the dollar is still up, until a break of 83.

Perhaps wait for the dollar to hit 88-90 again?

Frixxxx, can you chime in on this?
 
The only way it could go up is if our trading partners buying dollars and hoarding dollars try to jinn the system. I hope they've learned from last time (dollar rises, cost of oil rises because it's denominated in dollars).
 
We did it. We captured 3 day's worth of gains. What a great day it is. I've only got 10% in for tomorrow. If we can just eek out 1 more gain.

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Yup, baring another gazillion dollar bailout, I think we captured the majority, if not all, of this bear market rally.:D
 
I believe the Fed will seek to stimulate demand by lowering longer-term interest rates, which have a more direct effect on activity such as mortgage borrowing and business investment than the very short-term fed funds rate that the central bank targets. The bond market is recognizing this strategy. They will push lonf-term rates down by announcing explicit interest-rate ceilings for longer maturity Treasury debt, something the Fed did for nearly a decade until 1951. It could enforce such a ceiling by purchasing longer dayed Treasury bonds, or other bonds such as debt issued by Fannie Mae or Freddie Mav, to ensure yields on the debt stayed within its limits. That's probably why the mortgage rates dropped over 50 basis points today.
 
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