The euro falling in response to the idiotic bailout of Ireland is just the tip of the iceberg, that will cause the dollar to remain "relatively strong" versus other currencies.
You'd think with QE2 that this would not be the case. But the euro is in a land with far far more troubles than being advertised. And since the Chinese still have their currency pegged to the dollar, it basically means the dollar will continue to be in demand far longer than many expect.
If you go to many other countries, what currency do people always want more of ? Yep. The good ole US dollar. Its still in high demand.
and will continue to be so for a long time.
I'm betting on the dollar rally to continue beyond most folks wildest nightmares
Started by
nimblebear
, Nov 22 2010 12:09 PM
2 replies to this topic
#1
nimblebear
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Welcome to the Dark Side !
Posted 22 November 2010 - 12:09 PM
OTIS.
#2
OEXCHAOS
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Mark S. Young
Posted 23 November 2010 - 07:16 AM
While I think you're definitely on the right track, let me urge that you get less "big picture".
The Buck trends. It appears to be in an up trend and probably has a LOT of folks short. Buy support, lighten up at resistance, and if the trend breaks, bail without hesitation. That sounds very rudimentary and I doubt it would work on equities without lots and lots of tweaking but on the Dollar it has been a winning strategy for a long, long time.
Mark S Young
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#3
GrizzBear
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Posted 24 November 2010 - 10:25 AM
The euro falling in response to the idiotic bailout of Ireland is just the tip of the iceberg, that will cause the dollar to remain "relatively strong" versus other currencies.
You'd think with QE2 that this would not be the case. But the euro is in a land with far far more troubles than being advertised. And since the Chinese still have their currency pegged to the dollar, it basically means the dollar will continue to be in demand far longer than many expect.
If you go to many other countries, what currency do people always want more of ? Yep. The good ole US dollar. Its still in high demand.
and will continue to be so for a long time.
I'll tell you they still want the good ole dollar but in places I've been recently - Central and South America they want a few MORE of them when trading them for the local currency than when I was there last year. Dollar's long term trend is DOWN and I think it will continue for quite some time IMHO though there will be bounces in times of crisis.
