Zeev's Turnips Patch-No Politics (ZEEV)

[onesevenus]

That was pure TA assesment based on indicators discussed in that post trail.

The factors that I believe will contribute to that move are 1. price of Oil, 2. $US I expect to retreat soon from these levels and 3. inflation numbers. FED needs to get the foreign money into treasuries and equities markets and needs to make those investments attractive. Contradictory it seems, it needs to raise the rates to make treasuries attractive yield wise, yet it needs to make them more affordable which it will get with cheaper dollar. Cheaper dollar will also help reduce the trade deficit. The sequence of events should be, dollar down followed by the rate increase later on.

High price of Oil on a retail end will help fund the budget deficit.