350Z's I fund thread NOV 07

[350zCommTech]

Chinese Comments Send U.S. Dollar Tumbling Against Major Currencies
4 minutes ago
(RTTNews) - The U.S. dollar fell to a new low against the Euro and also fell significantly against other major world currencies. The fall was partly attributed to a Chinese officials comments about foreign currency holdings. The greenback is trading at 1.4618 against the euro, 2.0921 vs. the British pound sterling, .9133 against the Canadian dollar and .9346 against the aussie.

The greenback has bounced back in the past 15 minutes following a "clarification" by the Chinese official.
http://news.ino.com/headlines/?newsid=110620071700
For comments and feedback: contact editorial@rttnews.com

OH....****!!!!!!

This is bad for bonds. As I said before, the last time they dump our bonds, back in June, the F fund took a big dump. Can you guess which fund I just went into?

 

[350zCommTech]

The Nikkei won't like what has just happened, when they open after lunch.

Check out the cliff dive on the Nikkei at the open of their second half.

 

[Jethro]

What The....
http://quotes.ino.com/chart/?s=NYBOT_DX&v=s&w=5&t=l&a=0 :worried:

 

[merlin]

Nikkei dropped to -136.03

 

[Boxholder]

European Central Bank Policy Meeting, Bank of England Policy Meeting on tap. Thursday will be the release of the BoE and ECB policy.

Anyone have a opinion?

Europe, U. K. expected to hold key interest rates steady on Thursday.
http://online.wsj.com/article/SB119437534473184179.html?mod=hpp_us_whats_news

 

[airlift]

Someone at CNBC worlwide is talking about Central Banks intervening to strengthen the dollar (either publicly or quietly). I don't know how this will impact the funds. Any views?

 

[350zCommTech]

Someone at CNBC worlwide is talking about Central Banks intervening to strengthen the dollar (either publicly or quietly). I don't know how this will impact the funds. Any views?

Was that just a guess on their part? Rumor?

The only way is to convince other countries to lower their interest rates, which would be bullish for the markets.

 

[airlift]

I suppose so.

 

[James48843]

Wow. Dollar takes a hit, and now futures down big.

"I" fund is showing it's UP seven cents right now- ONLY because the dollar tanked. The stock markets in Japan and Europe are showing lower- but the dollar's fall is offsetting. I'm going while the going's good.

I'm bailing out today- I'm TDY and can't watch any more today- so I am going while I can.

 

[hessian]

Quote:
Originally Posted by Show-me
European Central Bank Policy Meeting, Bank of England Policy Meeting on tap. Thursday will be the release of the BoE and ECB policy.
Anyone have a opinion?

Europe, U. K. expected to hold key interest rates steady on Thursday.
http://online.wsj.com/article/SB119437534473184179.html?mod=hpp_us_whats_news

Does anyone think this all might be a show...to get the BoE & ECB to LOWER interest rates?? Just thinking out loud here/just a guess, but isn't this all similar to the way "we" do it here in the US to get rate cuts (Institutions talk losses/spark fear)?? - BoE ECB rate cuts would have the effect of closing some of the gap btwn the Overseas vs US dollar, would it not??

 

[Show-me]

IMO, they can play games all they want and all it will do is make the problem worse. UK and EZ both have high inflation and growing economies. Lowering the rate will have a effect on the exchange rate but over heat the growth and inflation.

Is it effect or affect?

 

[Jonathan]

With the dollar dropping like a stone today, I'd think tomorrow could see a rebound, meaning the I-fund could be a bad deal tomorrow (especially if there's a late afternoon rally here).

 

[Robo5555]

This rollercoaster ride is not much fun at all.

 

[350zCommTech]

Currently down 5 cents, including a +FVC of 18 cents.

 

[350zCommTech]

Currently down 11 cents, including a +FVC of 18 cents.

 

[hessian]

This rollercoaster ride is not much fun at all.

You can say that again, Robo!
Sure hope this "thing" whatever it is, works itself out - early (this AM)!:blink:

 

[350zCommTech]

Currently down 14 cents.

 

[easyrydr]

Which fund is everyone running off to?
and can I join in the chase to?

 

[Cortez]

You can say that again, Robo!
Sure hope this "thing" whatever it is, works itself out - early (this AM)!:blink:

Agreed. Can't decide if this is a buyer's dip that will reverse later on or just a full breakdown that will retest lows from friday and monday.

 

[easyrydr]

If I moved my accounts around yesterday before 11:15 am EST, does that mean I will get what is calculated for that day or do I have to wait the 2 days for the account to show the true amounts?