I know on Ihub you'll often come across those who are expert traders who never lose and so forth. I'm not one of those guys and I'll admit I'm not good with options. I used to fiddle with that on precious metal stuff and that sector is pretty much rigged by collusive outfits such as JP Morgan who always made sure options traders finished out of the money. So I avoid options even though I know it's a good way to protect trades as well as make big money very quickly. It's all a gamble and even though I try to arm myself with facts, it's still gambling unless inside info can be had. And insider trading is illegal unless you're a member of Congress, ha ha.
The main reason the dollar is getting stronger is because it still has power as being the world's petrodollar currency and so when other nations rush to devalue their own currency, it helps prop up the dollar...which is still seen as a safe haven of sorts. The central bankers will break other currencies before they allow their debt dollar to go down too much. I think that's the reason behind the silly deal with Iran. It was about central bankers trying to get their grapple hooks on that country. China could possibly offer a big challenge to the debt dollar primacy, but I think they'd rather cut deals to get in on the SDR/IMF game.
If Greece had not gotten suckered into the Euro by Goldman Sachs, their Drachma would collapse in value, but this has a positive benefit of attracting stronger currency flows into their country via tourism and business...whatever. In that way there's a natural ebb and flow between the economies and currencies. When they went to the Euro it was unnatural because that currency linked disparate countries and cultures. It's a monolithic, inflexible thing imposed on Greece and the other member countries. Now they are being turned into vassal state for the central bankers. They need to do what Iceland did and kick the bankers out...we'll see if that happens or not.
Got into an argument with another guy who said what happens in Greece has zero connection to our markets, but the world is too interconnected now and this sort of news does matter. It's not all just a matter of blindly focusing on TA/charts.
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