2008 Will Probably Be The Year Of The Rising US Dollar
2008 will probably be the Year Of The Rising US Dollar, see http://www.nytimes.com/2008/01/06/business/yourmoney/06fore.html.
Here's some of the article:
"“Those people who are waiting for the dollar to crash should wake up and smell the coffee, because it has already happened,” said Ed Yardeni, president of Yardeni Research in Great Neck, N.Y.
He predicted that the dollar would strengthen in 2008 — especially when compared with currencies against which it has lost the most ground. Those include the euro, the British pound and the Canadian dollar.
“Those three currencies have been painfully strong in recent months, to the point where central bankers are either thinking about or starting to lower interest rates,” Mr. Yardeni said."
The US Dollar put in a large bullish inverse spike on Friday 1-4's candle, see http://stockcharts.com/charts/gallery.html?%24usd. The US Dollar probably entered a Cyclical Bull Market in November 2007 after being in a Bear Market since late 2005 (think any of the con artist gold writers will point that fact out?), see http://stockcharts.com/charts/gallery.html?%24usd. ....... http://www.JoeFRocks.com/ .
Here's some of the article:
"“Those people who are waiting for the dollar to crash should wake up and smell the coffee, because it has already happened,” said Ed Yardeni, president of Yardeni Research in Great Neck, N.Y.
He predicted that the dollar would strengthen in 2008 — especially when compared with currencies against which it has lost the most ground. Those include the euro, the British pound and the Canadian dollar.
“Those three currencies have been painfully strong in recent months, to the point where central bankers are either thinking about or starting to lower interest rates,” Mr. Yardeni said."
The US Dollar put in a large bullish inverse spike on Friday 1-4's candle, see http://stockcharts.com/charts/gallery.html?%24usd. The US Dollar probably entered a Cyclical Bull Market in November 2007 after being in a Bear Market since late 2005 (think any of the con artist gold writers will point that fact out?), see http://stockcharts.com/charts/gallery.html?%24usd. ....... http://www.JoeFRocks.com/ .
posted by Joe Ferrazzano at
9:17 PM
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