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US Dollar and the Euro


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Posted

Safe Wealth is calling for a major reversal in the euro vs. dollar. I see our good doctor here sees at least a near term bounce in the dollar. Does anyone else have any ideas?

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Posted

Yep, the US dolor is overdue for a bounce - perhaps to around 100 or so on the $USD:

 

SharpChartv05.ServletDriver?chart=$usd,uu[l,a]dacaynay[d20020301][pf][j983650,y].gif

 

Meta, there is no such thing as $XCA on StockCharts. If you mean the Canadian dollar, the symbol is $CDW.

 

Regards,

Vesselin

Posted

Despite my scepticism on that currency, maybe UK sterling is an interesting idea for US $ based investors at least in the short terms.

 

There seems to be a fairly good inverse correlation between sterling and the dollar index.

 

Furthermore despite the recent rally in the dollar index sterling has been falling steadily against the euro. This could be significant as there is apparently better liquidity in the euro/sterling <-> sterling US$ cross as opposed to the straight euro / US$ cross.

post-2-1051874609.png

Posted
Meta, there is no such thing as $XCA on StockCharts. If you mean the Canadian dollar, the symbol is $CDW.

 

Regards,

Vesselin

Thanks Vess,

 

I am so busy that neurons are starting to fall off........

 

SharpChartv05.ServletDriver?chart=$cdw,uu[s,a]daclyyay[df][pb13][vc60][iuk14!ll14]

 

Kicking myself hard.....this was an easy trade :P

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