Dollar Direction ^ V or >

[alevin]

http://stockcharts.com/h-sc/ui?s=UDN&p=D&yr=0&mn=9&dy=0&id=p98789750763

UDN appears like it will stay below the future red cloud... which means the dollar will conitnue upward (not good for I fund). US indices lookin' like they'll rally with a stronger dollar... repatriation going on. Still a lot of days left in January and we need a Friday close in the weekly Q's to confirm a breakout in the Naz.

One of CH's links this morning had a link to an article about Brazil buying $ to keep their exports competitive and keep their inflation down. Might have something to do with $ direction at the moment.

 

[fedgolfer]

One of CH's links this morning had a link to an article about Brazil buying $ to keep their exports competitive and keep their inflation down. Might have something to do with $ direction at the moment.

Politics/news/hype aside, imho, I think its just a real recovery.

http://www.youtube.com/watch?v=BIJWEsgNuYI

 

[Fireant]

Hammered

Every move I have made the last year has been wrong... such is life...

 

[fedgolfer]

finally some $ action favorable to the I fund. Now, Barclays will probably ignore it.

 

[mayday]

Dollar up today

http://quotes.ino.com/chart/?s=NYBOT_DX

 

[fedgolfer]

Finally some dollar direction favorable to the I fund... 2.51% pop and the afternoon dollar action suggests Barclays maybe handicap tomorrow's I fund price with a half percent head start. Timing this thing is harder than it wAs a few years ago IMHO.

 

[Robo5555]

Awesome day for the I fund! Bout time...

 

[fedgolfer]

1.26% MSCI EAFE... the stingy bastards finally paid up on last Friday's dollar action.

http://www.mscibarra.com/products/indices/global_equity_indices/gimi/stdindex/performance.html

 

[fedgolfer]

...And Barclays ends up paying 20 cents or .98%

 

[Nordic]

Any feeling on the direction of the Dollar going forward?

 

[tsptalk]

Theorhetically, when they start tapering QE, the dollar should get stronger. Theoretically. But it tends to go in the opposite direction of what I think.

 

[Sensei]

I'm not sure how one country's currency effects the overall value of the dollar, but Japan has been on a mad rampage to weaken its yen. Just a year or so ago it was 75 to $1, and now it's almost back to 105 to $1. I think they're aiming for 110 or 120 to $1. So, perhaps more strength in the USD?