For the last few days dollar gained a significant jump over russian ruble and euro. What do you think pushed it back to top? Will it continue to rise?
Since July 1st, oil prices are down $32 a barrel. Overall the trend is down. Oil has been slipping because demand is weakening. Plus, the US economy has been hit the hardest by recessionary fears, so the value of the dollar has been down for awhile. Now Europe, Asia, and Canada are all heading downhill fast economically. People are moving their money back into traditional investments.
The FED may be preparing to raise interest rates, and some insiders may know it. Thats why investors are seeking out more dollars in the markets, and in turn, they're shorting commodities...
It's more of a realization that Europe, sans Germany, are off worse than the U.S. Europe is lagging the U.S. by 8-12 months I believe. The FED won't raise, if anything ECB will cut.
Multiple natural disasters are expected around the world. Political and even military problems can not be ruled out in the Balkans, Pakistan/Afghanistan, China, Africa and elsewhere. The Housing crash in the US and the UK along with the worst credit crunch for decades are only the symptoms of the severe long term problems, that are part of the inevitable shift of financial supremacy and power from the USA/Europe to China/India/Russia. To top it all, at the time when the world is facing the worst problems for almost a hundred years, a nice guy but a complete novice, who would be eaten alive by his opponents in China and Russia, a kind of a "black Jimmy Carter", will most likely be moving in to the White Houses shortly! So who was betting on the strong US Dollar"?
There are chances that Doomsday may be soon. Some say that Satan is coming to earth in two weeks. The possibility of World war 3 over the weekend cannot be ruled out. Run and hide. Make your own underground bunker. I know i am.
Dollar is at 1.4989 Euro. It looks like a lot of money is moving into Wall Street and US Treasuries chasing yields.
You wish. You need to come back down to reality. China's economy is only 1/13th the size of the United States, and growth is slowing rapidly. And guess who has the most exposure to the slowdown in the US housing market? China does. That's a lot of money they're on the hook for. The US sneezes and the world catches a cold.
The export sector has been keeping the US economy afloat. A higher dollar will only cause US exports to drop and increase US consumption.
The dollar will appreciate in the long term. This rally may or may not hold, but over time it will strengthen.
"You wish. You need to come back down to reality. China's economy is only 1/13th the size of the United States, and growth is slowing rapidly.And guess who has the most exposure to the slowdown in the US housing market? China does." To be honest, I am not really concerned about what happens to China. It would be a real case of kidding our selves, if we deny the way that China has run rings around the US. look at the way the trade balance has been allowed to explode over the years. We have to admit to the fact that the west is totally addicted to the "cheap throw away" goods supplied by China. To make it simple let me just say that if China was to stop supplying cheap goods to the West, the resulting inflation in almost all the addictied West, would be in access of 75% at the very least!!! So like any desperatete addict, the West has no choice but to go down on its knees to China, its pusher! It hurts to hear this? Well then please tell me when was the last time you deliberately bought some thing made in USA, or the UK etc? You think that you can kick the habit? I do not think that you can
Crude oil is very near falling through key technical supports levels at $113/barrel. That's despite the Russian pipeline grab in Georgia. Once it falls below $113, there's a shop drop expected.