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Thread: Dollar Direction ^ V or >

  1. #25

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    Default Re: Dollar Direction ^ V or >

    Gold^0.21% Dollar v 0.12%
    [Do what you think is right and proper]

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  3. #26

    Default Re: Dollar Direction ^ V or >

    Looking at the chart of the USD, it appears that Friday was definitely the turn around. IMHO, the USD might be headed towards 81, this year's prior low. I'm anxiously waiting for an opportunity to get back into the I fund.

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  5. #27

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    Default Re: Dollar Direction ^ V or >

    Quote Originally Posted by 350zCommTech View Post
    Looking at the chart of the USD, it appears that Friday was definitely the turn around. IMHO, the USD might be headed towards 81, this year's prior low. I'm anxiously waiting for an opportunity to get back into the I fund.
    It does look to be headed south to the 20DMA I'll wait a tad before jumping into the I fund. I'm expecting another round of profit taking on wall street today.
    [Do what you think is right and proper]


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  7. #28

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    Default Re: Dollar Direction ^ V or >

    Premarket- looks like the "I" is now down .06 cents.

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  9. #29

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    Default Re: Dollar Direction ^ V or >

    As crude goes up there is more demand for gold. Dollar is holding steady down six cents moving towards 20DMA of 82.50
    [Do what you think is right and proper]

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  11. #30

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    Default Re: Dollar Direction ^ V or >

    Dollar and gold at their 20 DMA Dollar v (0.07%) Gold ^ (0.14%)
    [Do what you think is right and proper]

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  13. #31

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    Default Re: Dollar Direction ^ V or >

    I'm surprised. I expected a "rush to safety" increase in the value of the dollar as a result to the terrorist action in UK. The lack of a rush could be that we are beginning to become desensitized to terrorist activity, or the recent car bomb defusion and poor attempt a car bomb at the airport were not scary enough, or the dollar is going down because there are a lot of people who want to sell dollars.

    The dollar is pretty low right now. I don't really see it going a lot lower. I think there is a real good chance it bounces. I expect it will bounce at least 1% over the next week.
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  15. #32

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    Default Re: Dollar Direction ^ V or >

    "The prospect of renewed terrorist activity is failing to detract from the fact the Bank of England is tipped to hike interest rates at the end of the week," said David Jones, chief market analyst at CMC Markets. The bank's key rate is currently 5.5 percent.

    http://biz.yahoo.com/ap/070702/dollar.html?.v=5
    A distribution of monkeys throwing darts to choose their allocations would likely have produced a higher performer ...-Desperado ... My Account & My Account Talk

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  17. #33

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    Default Re: Dollar Direction ^ V or >

    Gold is up 1.00% Dollar is down .65%
    [Do what you think is right and proper]

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  19. #34

    Default Re: Dollar Direction ^ V or >

    Attachment 1739


    Looks like the dollar found support again at around 81.3.

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  21. #35

    Default Re: Dollar Direction ^ V or >

    The dollar does a "sell the rumor buy the news" after a hike by BOE. My guess is that it will continue to rise tomorrow on strong non-farm payroll.

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  23. #36

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    Default Re: Dollar Direction ^ V or >

    The dollar is sitting on support around the 80 level. This support level has held strong for us since the late 80's. At the very least it could cause a bounce in the days/weeks to come but it's going to take much more than that to get the dollar to reverse it's course to the upside.


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