USD
Schiff: Steer Clear Of The Decaying Dollar
…they’re paid to us in a foreign currency. And when we sell our shares, the proceeds are paid to us in a foreign currency. We’re trying to operate outside the dollar. Because ultimately, we are not going to default in the traditional sense where the U.S
Dollar eases back as ‘normality’ returns
…growth, which were acting against the riskier currencies. The passing of the debt deal meant that part of the US dollar’s reputation as a safe haven currency had been restored, for the time being at least. Some foreign exchange participants are calling the…
Dollar: The ‘last-resort’ safe haven
…say the dollar’s upside is limited and the Swiss franc and the yen will continue to outshine the buck. “The dollar has become the safe haven currency of last resort,” said Michael Woolfolk, senior currency strategist at Bank of New York Mellon. “The fact…
U.S. Dollar Index Breaks Out, Consolidation Ahead
… Three of the four components weakened against the USD on Tuesday, led by a 1.23% decline in the Australian dollar, and the high-yielding currency may depreciate further as the central bank talks down speculation for a rate hike. After holding the benchmark…
Gold and Silver Looking to Resume Uptrend after Brief Pause
Gold and Silver Technical Update Prev: Gold Forms Head and Shoulder, Silver Breaks Below Diagonal Triangle (7/28) Gold (XAU/USD) Continuing Bullish Motive: – Gold resuming an uptrend after a failed break below an attempted head and shoulder topping action. – Instead, the market consolidated sideways, and only very briefly because knocking out fresh record highs. – This non-bearish correction suggests we might still be in a motive wave. An extended motive wave can count 9-waves regardless of whether the 1st, 3rd, or 5th was extended.
US Economic Headwinds Restrain the Dollar
The US dollar advanced in Asia and Europe but news of the first outright drop in US consumption in 2 years has seen the greenback surrender much of its earlier gains. June personal consumption expenditures fell 0.2% in June. The consensus had looked f
Weaker dollar, bonds positive news for US
A POSITIVE view of America’s fortunes has been offered by a senior Australian economist, a world away from gloomy forecasts about the US being engulfed by debt. Macquarie economist Mark Tierney, long a fan of US resilience in the face of challenges, beli
Dollar to Remain Reserve Currency With Downgrade, FX Concepts’ Taylor Says
There is “no alternative for the dollar in the next five to 10 years,” Taylor said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. The euro is diminished by the region’s economic woes and few investors see the yuan of communist Ch
GoldPrice.net Offers Free Gold To President Obama To Back Up The Dollar : 24plusnews.com
(1888PressRelease)With the United States Congress deadlocked on the debt ceiling debate, GoldPrice.net offers $100,000.00 to President Obama to put the United States back on the gold standard. On August 15th 1971, President Nixon took the United States o
AUD/USD Forms Another Double Top; 1.0790 is Critical Support
Forex Technical Update Prev: AUD/USD Attemping a Double Top with 1.10 Support (7/28) AUD/USD Double Top Attempt: – The AUD/USD is seen in the 4H chart break below a double top with support near the 1.0920 area. Note the left top also being a double top, which we caught last week. – The current double top is a big more significant as it pushes the market below our 1.0876 support near 38.2% retracement.
U.K. Pound Approaches 2-Week Low Versus Dollar on Economic Growth Concern
The pound traded within a cent of the lowest in almost two weeks against the dollar and gilts rose after data showed weaker U.K. construction and concern grew that U.S. spending cuts may stifle global economic growth.
The Plight Of The USD
The USD was falling well before the announcement that the debt ceiling was going to be raised and it fell today after the announcement. I don’t think it takes an “economist” to work out that the USD is in big trouble. Bear markets usually end with a spe
Texas Gains New Billion Dollar Bank
…goals and make sound lending and investment decisions. Green Bank, N.A. is a federally chartered bank regulated by the Office of the Comptroller of the Currency, a division of the Department of the Treasury of the United States. www.greenbank.com…
Dollar Financial Corp Announces Fiscal Year 2011 Fourth Quarter Conference Call
…at least 15 minutes prior to the call to register, download and install any necessary audio software. Dollar Financial Corp is a leading international diversified financial services company primarily serving unbanked and under-banked consumers and…
Hedging Against a Dollar Drop
Chafing at the world’s reserve currency After the excitement of the U.S. debt ceiling negotiations going down to the wire, Russian Prime Minister Vladimir Putin offered these comments about the U.S. and its dollar: They are living like parasites off the
EUR/USD’s Corrective Structure is Running Against Extended Divergence with Momentum
Forex Technical Update Prev: EUR/USD Completes a Gartley at 61.8% and 50% Fibonacci cluster (8/1) EUR/USD Gartley and Zig Zag: – We noticed a Gartley forming yesterday. A zig zag, where C=A is basically an Elliott Wave description of a Gartley. The maximum 100% swing projection targets 1.4143 area (maximum meaning counting the tails and not just the close when comparing). – Note the RSI falling below 40, reflecting that a correction with a bearish tilt is developing.
GBP/USD May be Completing an Expanded Flat
Forex Technical Update Prev: GBP/USD Boosted by Technical and Fundamental Signals (8/2) GBP/USD Wave Count: – The GBP/USD chart shows a market flattened after a rally in July that developed in the shape of a leading triangle. – Currently we have added an A, B and now in the C wave of a “range-bound” market: in quotations because the range resistance has expanded, and the support is likely to expand as well with the most recent price action suggesting bearish continuation in the short-term. – We can expand down towards 1.62 , and if indeed we are in an expanded flat, we should find some support at this area. – If however the market is not able to push back above 1.6260 , we can have further correction down to 1.6140 (near 200SMA and 50% retracement)
Bank of Korea buys gold as dollar, euro lose clout
…to speak to the media. Data on 27 major economies from the Bank for International Settlements shows the dollar’s inflation-adjusted real effective value has dropped by 10 per cent in the past two years and the euro has lost six per cent, reflecting the sharp…
Forex: Dollar Stays In Lower Y77 Range In Tokyo On Intervention Jitters
TOKYO (Kyodo)–The U.S. dollar stayed in the lower 77 yen range Tuesday in Tokyo as caution grew about possible yen-selling intervention by the Japanese government after the exchange rate was on the edge of dipping below the historical low level overnigh
US dollar as reserve currency vulnerable
…about that; that if the US economy goes, the Russian economy will not be far behind. SC/JG/HRF Russian Prime Minister Vladimir Putin’s calls for a reserve currency other than the dollar comes at a time when the US dollar is at its most vulnerable….
