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i'm w@gging a bounce: 83 coming back in next 7 days
just a w@g
bout time!!!
I see your signed up for the free forex trading competition ..
It should be fun ..and a great learning tool at the same time..We have 10 traders signed up so far,.sounds like a good number to me..well I'm out of here early today..GL in your trades, and have a great day..see you on the playing field on pick your pockets sunday.
:)
GDP,Unemployment claims,crude invetories.......
alot of news comming out this morning for the dollar..
the way the index chart looks.......the markets could very well be pro- dollar regaurdless the actual #'s...we'll see.
finally a little consolidation action...
Forex trading contest:
Starting June 3rd.....
http://www.investorshub.com/boards/read_msg.asp?message_id=19989955
Can the “Axis of Oil” Topple the US Dollar?
By Gary Dorsch, Editor, Global Money Trends newsletter
Were it not for its “reserve currency” status, slowly turning into a post-World War II relic, the US dollar would have already collapsed by now. A string of $4.4 trillion of US trade deficits since 1996, and a heavy reliance on foreign money to fund its external imbalance, has severely weakened America’s global economic leadership over the past five years. The US dollar survives, due to America’s political stability, its military might in the Persian Gulf, its large $12.5 trillion economy (28% of global GDP), and deep and liquid financial markets for bonds and stocks.
Last week, the US dollar fell to an all-time low against the Euro, a new milestone in a steep decline that began more than six years ago. The Euro hit a record high of $1.3682 on April 27th, up from $1.20 a year ago and as little as 83 cents in October 2000, when the rally against the dollar began. The British pound is hovering near $2 area, and the Australian dollar fetches 82.50 US-cents, both at 15-year highs.
http://www.sirchartsalot.com/article.php?id=58
16:39 US TECHS: Continuation Driving Action for Dollar Index] Boston, April 16.
The Dollar Index had been developing a bearish continuation pattern for the past
few weeks as the contract moved lower from the February highs but then fell into
a sideways range. The recent breakout carries a measured move toward the 81.90
area, which the index came very close to reaching today. So for now we are
giving up on the short-term bearish bias and taking on a more neutral view,
at least for the near term.
A few reasons for this include the very extended levels of the bearish trend
signal on daily ADX. This measure is about as high as it gets and that usually
means an end to the trend. Also there's the possibility of bullish divergences
developing on daily momentum studies and finally the reaching of the measured-
move objective is often a sign of a stalling move. Dollar bears will likely be
on hold for the next several sessions.
Patrick.Fitzgerald@thomson.com /jmm
i'm not betting but we'll see...i think more room to fall...
Don't bet against the US..
It will always burn you.The dollar just needed a bit of correction...Should be dollar positive from here.
downtrend continues! wowo..w.....
made a control room.
check it out.
http://www.theforexclub.us/international.htm
US Dollar – The US dollar was dealt an economic uppercut following the release of the new home sales report for the month of February in the New York morning. Countering existing homes data seen last week, the new home sales figure widely disappointed the market, solidifying the fact that home construction weakness is likely to loom over the economy. According to the Commerce Department, sales of newly constructed homes unexpectedly fell to the lowest in almost seven years as colder February temperatures dampened interest. Subsequently, purchases have dropped almost 4 percent to an annualized pace of 848,000 last month. The decline was more than expected with market consensus looking towards a 985,000 rate for the month. Combining this report along with other housing sector data, it seems that the recent report reflects a stabilization of sorts. Although new home sales were lower, existing home sales seem somewhat supported, albeit in the near term. However, it does purport a relatively negative undertone for the world’s largest economy. The bearish sentiment is helping to suppress the dollar in the session as traders continue to hear the specter of “spillover effects” lingering on US economic growth. Incidentally, the report comes just days before Federal Reserve Chairman Ben Bernanke is expected to speak before the Joint Economic Committee on the outlook for the economy. Although nothing different is expected to emerge from last week’s Federal Open Market Committee meeting, committee members will likely focus on rising concerns of the effects that the housing market may have on future near term growth. Notably, questions will be targeting potential weakness in consumer spending as lagging housing sector fragility. Should indications by the illustrious Bernanke paint a different picture, dollars may return to en vogue.
Once you learn,
you earn!
yes that's a nice page also .... will use that one
I u getting gang'd up on or what ??? lol
By tomorrow this page should be working properly..
http://www2.barchart.com/mktcom.asp?code=BFXCLB§ion=indices
The forex site has a lot of hidden gems..
I don't trade currency but if I did that is a cool page!!!!
Made a new chart page..
real time auto refreshing 1 min charts ataglance
http://www.theforexclub.us/Ataglance2.htm
better than the end-of-day updates
A swiss bank was buying USD/JPY this afternoon...
a big candle was Atributed to this......do they know something?
Have they been reading my post? hmmmmmmmmm.
I do have a link on my website to dukascopy... lol
I am really starting to get the hang of predicting the future...LOL
Anybody who trades.........
needs to at least Glance at this board for time to time..
The Dollar is the focus of the Matrix or should I say the I-HUB of the world economies.....GL in your trades..and have a great week-end!
OMG...Im a undecided poster....lol
It does work......just shows how patient I am..........lol
I'll put it on the I-Box......Have a great week-end.!
Damit..The tic data does not work..thought it did,but the currency charts work..a bit delayed though..
guess it does work ,
but not in real time..there is a delay..hmmm,Interesting
Nope..
Doesnt work..
Testing to see if this works in real time..
tick data for the dollar index.
U.S. Economy: Sales of Existing Homes Rise Most in Three Years
By Shobhana Chandra
March 23 (Bloomberg) -- Sales of previously owned homes in the U.S. unexpectedly surged last month by the most since March 2004, a sign that the housing market is probably past the worst of its yearlong slump.
Purchases increased 3.9 percent in February to an annual rate of 6.69 million, the National Association of Realtors said today in Washington. Sales were down 3.6 percent from the prior 12 months, the smallest decline in a year.
Stocks gained and bonds weakened as traders took the report as an endorsement of the Federal Reserve's projection that the economy will grow at a moderate pace. Figures this week have shown a jump in home construction and a rise in mortgage applications compared with a year ago.
``We expect the drag on the economy from housing will be gone by mid-year,'' said Dean Maki, chief U.S. economist at Barclays Capital in New York. The rebound in sales is ``an important development.''
Even with last month's sales gain, some economists noted that the supply of unsold properties continued to climb. Mounting defaults on subprime mortgages -- loans to people with patchy or poor credit histories -- may throw more properties onto the market and weaken prices.
``Most of the housing adjustment is completed,'' said Eric Green, chief market economist at Countrywide Securities in Calabasas, California. ``We're just not seeing the subprime problem in these numbers yet.''
Delinquencies
Countrywide Financial Corp., the largest U.S. mortgage lender, said this week that delinquencies on some subprime home loans may climb to 9.89 percent, exceeding a company record set in 2000. The firm is among lenders to tighten standards.
At the same time, lower prices and rising incomes are making homes more affordable, along with a decline in mortgage interest rates. The National Association of Realtor's affordability index rose to an almost two-year high in January, the group reported earlier this week.
Resales were forecast to drop 2.5 percent to a 6.3 million annual rate last month, according to the median of 63 forecasts in a Bloomberg News survey, from January's originally reported 6.46 million. Estimates ranged from 6.1 million to 6.51 million.
Last month's jump in sales partially reflects the closing of contracts signed in December, when unseasonably warm weather brought out more house hunters, David Lereah, the Realtors' chief economist, said at a briefing.
Lending Standards
More stringent lending standards, after a wave of defaults in the subprime market, will limit sales this year, said Lereah, who estimated ``we could be losing between 100,000 and 250,000 home sales'' annually over the next two years as a result.
``It will spill over into the overall housing sector, but will be somewhat contained,'' Lereah said. ``With the economy being healthy, this is a problem, not a crisis.''
Existing home sales averaged 6.51 million last year, lower than the 7.06 million average for all of 2005.
The median price of an existing home fell 1.3 percent last month from a year ago to $212,800, the Realtors group said.
The supply of homes for sale increased 5.9 percent to 3.748 million last month, representing a 6.7 months' supply at the current sales paces. That compares with 6.6 months at the end of January.
Resales of single-family homes rose 3.7 percent in February to an annual rate of 5.88 million, the report said. Sales of condos and co-ops rose 5.3 percent to an 810,000 rate.
Purchases increased in all regions of the country except the West, where they were unchanged. They rose 14.2 percent in the Northeast, 3.9 percent in the Midwest and 1.6 percent in the South.
Difference in Figures
Monthly figures on home resales are compiled from contract closings and may reflect sales agreed upon weeks or months earlier. New home sales, which are recorded when a contract is signed, are a more timely barometer of the housing market than home resales. The Commerce Department may report next week that new home sales rose to an annual rate of 985,000 last month from 937,000, according to the median forecast in a Bloomberg survey.
Resales account for about 85 percent of the housing market.
Builders broke ground on new homes at an annual rate of 1.525 million last month, rebounding from a nine-year low in January, the Commerce Department said this week.
That report helped ease concern that increasing defaults by subprime borrowers are hurting the housing recovery.
according to this ..it looks like to me the Dollar should start moving up......
Board of Governors of the Federal Reserve System
Monetary Policy Report to the Congress
February 14, 2007
Letter of Transmittal
Board of Governors of the
Federal Reserve System
Washington, D.C., February 14, 2007
http://www.theforexclub.us/Monetary%20Policy%20Report%20to%20the%20Congress.htm
I put this together for the dollar Index Board..
Had a little time since it's a snow day here today..check it out..sure your going to like this....
http://www.theforexclub.us/USD.htm
Fed going to have trouble keeping liquidity up like it has been. Watch the SOMA.
Meanwhile the EUR rallies against the USD as the YEN gets cheap....
USD-JPY pair tho still pretty whippy...not so much USD strength as YEN weekness. Same with EUR rallying: just a strong EUR: not to say a week dollar.
wow..
guess it was no head fake ..look at the spy chart above.......
American Stock Exchange Lists Two New Currency-Based ETFs by PowerShares and Deutsche Bank
Tuesday February 20, 11:35 am ET
NEW YORK, Feb. 20 /PRNewswire/ -- The American Stock Exchange® (Amex®) announced today that it has launched trading in shares of two currency-based exchange traded funds by Deutsche Bank and PowerShares Capital Management LLC. PowerShares DB US Dollar Index Bullish Fund (Ticker: UUP) and PowerShares DB US Dollar Index Bearish Fund (Ticker: UDN) offer investors exposure to the Deutsche Bank Long US Dollar Index(TM) and the Deutsche Bank Short US Dollar Index(TM), respectively.
The Indexes, which are owned by Deutsche Bank AG London, are rules-based indexes composed solely of long (in the case of the Dollar Bullish Fund) or short (in the case of the Dollar Bearish Fund) USDX® futures contracts. The USDX® futures contract is designed to replicate the performance of being long or short the US Dollar against the following currencies: Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.
"The Amex is proud to partner with Deutsche Bank and PowerShares to bring their 10th and 11th ETF to the marketplace," said Cliff Weber, Senior Vice President of the Amex ETF Marketplace. "These products reflect growing investor demand for exposure to alternative asset classes, like currencies."
"These exchange-traded US Dollar funds offer securities investors unprecedented intraday access to the performance of the United States Dollar against a basket of global currencies," said Kevin Rich, Chief Executive Officer of DB Commodity Services LLC, the managing owner of the new funds as well the PowerShares DB Commodity Index Tracking Fund (Amex: DBC - News), the PowerShares DB G10 Currency Harvest Fund (Amex: DBV - News), and seven commodity sector exchange-traded funds.
"PowerShares continues leading the Intelligent ETF Revolution listing two convenient ETF portfolios which provide investors intelligent access to the US dollar performance," said Bruce Bond, Chief Executive Officer of PowerShares Capital Management LLC. We are pleased to continue our collaboration with the Deutsche Bank team and expect to list new portfolios that enable professional money managers, advisors, and individuals alike cost-effective access to non-equity correlated assets classes, many of which have previously been difficult to invest in."
Susquehanna Investment Group is the specialist for UUP and UDN.
About the American Stock Exchange
The American Stock Exchange® (Amex®) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 245 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com.
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1,128 billion in assets and 68,849 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. http://www.db.com
About PowerShares Capital Management LLC
PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions. http://www.powershares.com
PowerShares® and Leading the Intelligent ETF Revolution® are registered marks of PowerShares Capital Management, LLC.
Not saying today or tomorrow ,but according to the spy and negitive divergence on the macd......something is about to happen,........smoke and mirrors on the Fundamentals are at play right now and all chart bets are off...see a bear flag on the dollar,and a big correction on the spy......is it a head fake? Time to play it safe...buyer beware..
Daily Dollar index report:
http://www.forextv.com/FT/Video-usdollarindex.jsp
USD
The Lunar New Year holidays in Asia and the President's Day in the US meant the market was quiet in thin trade throughout Monday. But while carry trade remain popular, the lingering threat of weakening data out of the US may mean more position adjustments in the coming weeks. Our economists' warnings that unexpectedly strong US data through December was probably boosted by unusually mild weather are beginning to ring true as the market absorbs the latest round of numbers, which showed weakness in consumer sentiment, the labour market and housing starts. These prompted the market to adjust its Fed expectations from only giving a 56% chance of one 25bp cut by the end of 2007 early last week to now fully pricing in one rate cut this year. Given the change in market sentiment, we think Wednesday's core CPI reading could instigate more market action either way. Our economists expect an unchanged 0.2% m/m rise (consensus 0.2% m/m) with the view that energy prices have probably held down overall CPI in January. Apart from CPI, the only event of note is the release of the minutes from the Jan 31 FOMC meeting. Consistent with Chairman's Bernanke's comments last week, we do not expect the minutes to reflect any imminent easing, but risks to economic growth will likely be highlighted, and the current message of policy staying on hold pending a clear break in data should remain. Of course, what the Fed's counterparts from across the Pacific do on Wednesday may yet pile on the pressure on the USD further if the BoJ announce a policy rate hike.
Forex - US dollar higher vs yen, euro in range trading ahead of BoJ verdict
Monday, February 19, 2007 7:49:49 PM
SYDNEY (XFN-ASIA) - The US dollar was firmer against the yen and euro as currency markets take an extended break with several key Asian cities still closed for the Lunar New Year holidays and New York only resuming later
in the day after the Presidents Day weekend, dealers said.
Currency pairs are likely to trade in narrow ranges with few key economic data due for release tonight and investors more interested in the Bank of Japan's interest rate decision out tomorrow.
At 11.23 am Sydney (0023 GMT), the dollar was at 119.69 yen compared to 119.59 in late trades in London, while one euro was buying 1.3153 usd, down from 1.3159.
The euro was barely changed in overnight trading, while the yen weakened on expectations the BoJ will announce tomorrow that its key overnight rate will remain at 0.25 pct following a two-day policy meeting that starts this afternoon.
Dealers said this was shown in yesterday's monthly economic report by Japan's Cabinet Office which maintained its outlook that the economy is recovering from stagnation but household spending is weak.
Dealers said although the BoJ wants to normalize its very low interest rates, political pressure and softer data are ensuring the central bank is unlikely to lift rates this month.
In the US tonight, the weekly ABC consumer confidence survey and a speech by Federal Reserve governor Susan Bies are likely to garner little attention from currency traders.
THE FED
Frank asks Bernanke why easing rates is off table
WASHINGTON (MarketWatch) -- The senior Democrat on the House Financial Services panel wasted little time challenging Federal Reserve Chairman Ben Bernanke on Thursday, challenging him why he was sending a message "stop me before I tighten again."
House Financial Services Chairman Barney Frank, D-Mass., asked Bernanke why a rate cut "wasn't at least as likely" as a rate hike in coming months.
Frank said the economy is running below potential and inflation was falling.
"Why is there not at least an equal chance of a reduction in the time ahead," Frank said.
Since August, the Fed has maintained a formal stance that inflation is the biggest risk facing the economy - a so-called inflation bias. Bernanke repeated this position in his Wednesday's Senate appearance, saying that inflation was the "predominant" risk and the Fed stood ready to hike rates if inflation developments warrant. See full story.
In response, Bernanke said "there were risks in both directions" with housing as a major downside risk, but strong spending as an upside risk.
"The economy may be stronger than we think," Bernanke said. This could put upward pressure on prices.
"In order for this expansion to continue in a sustainable way, inflation needs to be well-controlled," Bernanke said.
Frank has taken the unusual step of holding a two-day hearing on the semiannual monetary-policy report, with several critical economists scheduled to testify to the committee on Friday. See full story.
Frank joked that the news media has overstated his dissatisfaction with the Fed.
"I have less to complain about then they might have hoped, [but] I'm sure quarrels will arise so they should not lose hope," Frank said.
Frank has expressed his opposition to any move by the Fed to abandon its statutory goal of full employment in favor of an inflation target. Bernanke's known to favor an explicit inflation target, but he has not yet pushed the FOMC to adopt one.
Congress has given the Fed two goals, stable prices and full employment. Frank told Bernanke he was concerned that inflation targets would push the Fed to pay more attention to stable prices, downplaying the importance of full employment.
"You have two children and you love them both. But I'm afraid that one of them might get a little more for Hanukkah than the other, if we are not careful," Frank said.
Fed officials have said repeatedly that price stability's a prerequisite for full employment. In the long run, they say, the central bank cannot encourage greater job growth by allowing more inflation.
Globalization
There is a growing debate in Congress over the wisdom of U.S. policy favoring free trade.
Many House Democrats believe the middle class is not receiving any benefits from the new global economy. These concerns are loosely called neo-populism.
"My constituents are not feeling optimistic. They feel the economic expansion has not ended up in their take-home pay," Rep. Carolyn Maloney, Democrat of New York, told Bernanke.
In response, the Fed chairman said Washington should do more to help to assist workers who are dislocated by changes in the global economy. Education and training are critical, he said.
"I think it is very important that we not respond to those dislocations by saying we are going to stop trade and stop technological improvement. That is really doing more harm than good," Bernanke said.
Frank said there is a policy deadlock in Congress over free trade issues and President Bush's two major trade goals, an extension of fast-track authority and a Doha global trade deal, are in jeopardy.
REAL ESTATE
A flood of foreclosures, but should you invest?
Experts caution potential buyers to do their homework
http://www.marketwatch.com/News/Story/Story.aspx?column=Real+Estate
FOREX AND COMMODITY MARKET COMMENTARY AND ANALYSIS (19 FEBRUARY 2007)
Feb 19 2007 09:02 am
GCI Financial Ltd
www.gcitrading.com
Cable fades as BoE calls for weaker pound
€
The euro came off marginally vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3120 level and was capped around the $1.3160 level. Technically, today’s intraday high was just above the 23.6% retracement of the move from $1.2480 to $1.3360. Liquidity is reduced today on account of the U.S. Presidents’ Day holiday and China’s Lunar new year celebrations. Many Federal Reserve speakers are scheduled to offer remarks this week and dealers will look to them for amplification of Fed Chairman Bernanke’s sanguine remarks last week. In eurozone news, Germany’s Bundesbank released a report that predicts German economic growth may begin to improve following last month’s imposition of a higher value-added tax in that country. Euro bids are cited around the US$ 1.2925 level.
¥/ CNY
The yen depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the ¥119.70 level and was supported around the ¥119.20 level. Technically, today’s intraday high was right around the 23.6% retracement of the move from ¥122.10 to ¥118.95. Traders continue to speculate whether or not Bank of Japan will raise interest rates this week. Vice finance minister Fujii declined comment on what the government’s reaction will be if the BoJ tightens policy. Short yen carry trades have been receiving lots of attention over the past couple of months and one school of thought suggests that even if the BoJ lifts the overnight call rate by +25bps this week to 0.50%, the yen will still have a substantial negative interest rate differential vis-à-vis most currencies and the yen could stay depressed. Another school of thought suggests the central bank will not lift rates higher until it sees an improvement in consumer spending. Data released in Japan today saw January department store sales unchanged m/m and flat year-over-year. As expected, the government maintained its assessment of the economy in its February economic report, noting there is “some weakness in consumption.” Dollar bids are cited around the ¥118.95 level. The euro gained marginal ground vis-à-vis the yen as the single currency tested offers around the ¥157.35 level and was supported around the ¥156.85 level. The British pound weakened vis-à-vis the yen as sterling tested bids around the ¥232.10 level while the Swiss franc gained ground vis-à-vis the yen and tested offers around the ¥97.05 level. The Chinese yuan market will reopen after the Lunar holiday.
₤
The British pound weakened vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.9430 level and was capped around the $1.9565 level. A couple of factors contributed to sterling’s intraday weakness. First, the Rightmove February house price index climbed +0.9% m/m and +11.5% y/y, a decline of 2% from January’s 13.5% level. Second, the Bank of England reported a depreciation in the pound would be necessary to address the U.K.’s current account deficit. BoE’s Monetary Policy Committee also indicated some of the factors that have kept inflation at tolerable levels over the past few years are eroding. Cable bids are cited around the US$ 1.9340 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ₤0.6755 level and was supported around the ₤0.6725 level.
CHF
The Swiss franc came off marginally vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.2350 level and was supported around the CHF 1.2315 level. Dollar offers are cited around the CHF 1.2430 level. The euro and British pound came off vis-à-vis the Swiss franc as the crosses tested bids around the CHF 1.6195 and CHF 2.3975 levels, respectively.
A$
The Australian dollar came off vis-à-vis the U.S. dollar today as the Aussie tested bids around the US$ 0.7845 level and was capped around the $0.7885 level. Technically, today’s intraday high was just below the 23.6% retracement of the move from $0.7615 to $0.7980. Traders await remarks from Reserve Bank of Australia Governor Stevens this week. Australian dollar bids are cited around the US$ 0.7795 level.
C$
The Canadian dollar weakened vis-à-vis the U.S. dollar today as the greenback tested offers around the C$ 1.1660 level and was supported around the C$ 1.1630 level. U.S. dollar bids are cited around the C$ 1.1570 level.
USD
The dollar fell last week against most major currencies, and is down 2.2% w/w against the yen and 1.5% w/w against the euro. However, the dollar was largely stable on Friday despite further disappointing news on the economic front. US 2 and 10-year Treasury yields fell by a further 1 and 2bp on Friday, and are down 10-12bp on the week. The weaker dollar has coincided with data suggesting that recent optimism over the US economic outlook for this year has peaked. The Uni of Michigan consumer sentiment index for February (preliminary reading) fell to 93.3 from 96.9 in January, while housing starts for January also were soft, falling to 1408k from 1596k in December. We judge that the speculative component of the market is long dollars and as such the dollar is vulnerable to further disappointment on the economic front. However, it is a concern that EURUSD has not more significant gains in light of renewed concerns over the US economic outlook. We would still take the view that further weakness in EURUSD and see a good chance that EURUSD overshoots our 1-month target of 1.3200. This week's data includes CPI for January, and jobless claims on Thursday. We expect core CPI to be stable at 0.2% m/m, and for claims to partially reverse last week's exaggerated rise. The US is on holiday today for President's Day and much of Asia is on holiday for the Lunar New Year.
Thanks heyjoe.....very interesting analigy .Keep up the good work..!
http://stockcharts.com/h-sc/ui?s=$USD&p=D&yr=1&mn=0&dy=0&id=p19281815370&a=3....
http://stockcharts.com/h-sc/ui?s=$USD&p=W&yr=2&mn=0&dy=0&id=p94987395291&a=7....
Looks like we should see the dollar sell off a bit more starting the week..
1 hour chart
but then I see a reversal.......
Finally found
a Index chart for the dollar other than the end of day..I put the link in the IBOX above..
U.S. Mint rolls out new dollar coin
Reuters
Published: Friday, February 16, 2007
WASHINGTON -- The U.S. Mint said it launched a $1 coin on Thursday featuring George Washington, the first in a series honoring former U.S. presidents aimed at collectors and intended for use in vending machines and parking meters.
Modeled on the mint's popular 50 State Quarters Program, coins depicting each president will be released in the order in which they served, with John Adams, Thomas Jefferson and James Madison scheduled to appear later in 2007. The rest will be released through 2016, ending with Gerald R. Ford.
"Americans will soon be receiving Presidential $1 coins in their change and will find them convenient to use at retailers, car washes and vending machines. I even suspect the tooth fairy will love leaving these beautiful coins under pillows," Mint Director Edmund C. Moy said in a statement.
The coins, which are the same size, color and shape as the gold-hued Sacagawea dollars, are also aimed at collectors and are intended to spur interest in U.S. history, he added.
Font: ****They are inscribed on the edge with the inscriptions "E Pluribus Unum," "In God We Trust," and the date and mint mark, making them unique among circulating coins.
The faces will show original images of former presidents and the years of their terms of office while the reverse will depict an image of the Statue of Liberty and the inscriptions "United States of America" and "$1."
One coin will be issued for each president, except for Grover Cleveland, the only one to serve non-consecutive terms, who will be honored on two coins, the mint said. No living former or current president can be honored on a coin.
The Sacagawea dollar, introduced in 2000, honors a Shoshone Indian woman who served as a guide to the Lewis and Clark expedition west in the early 19th century.
Its failure to find acceptance with the U.S. public, even with more than 1 billion in circulation, contrasts with other nations such as Canada, Britain, Australia and Japan, where coins of similar value are popular. This is generally blamed on the government's failure to withdraw dollar bills from circulation.
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