DailyMarkets.com - US Dollar’s Direction Dependent On UUP
DailyMarkets.com - US Dollar’s Direction Dependent On UUP |
- US Dollar’s Direction Dependent On UUP
- Saint Ben Attacks The Dragon
- Forex – EUR/USD Weekly Outlook: November 22-26
- Forex – GBP/USD Weekly Outlook: November 22-26
- Forex – USD/CAD Weekly Outlook: November 22-26
- The Mandarins Now Come By To Cuba By Boat
- Consuelo Mack Interview With David Einhorn And Sunday Link-Fest
| US Dollar’s Direction Dependent On UUP Posted: 21 Nov 2010 11:39 AM PST On Monday, the Powershares US Dollar Index ETF (UUP) celebrates its 4-year anniversary. Despite its short existence, the UUP has provided a clear-cut way to play the greenback. In both cases when the UUP clears the 23 level, the US Dollar Index tends to breakout to the upside. Following the Bear Sterns collapse, the UUP was in the process of forming a base at the 22 level. In the ensuing months, price-action held within a tight range between 22 and 23 up until the Lehman … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Nov 2010 09:40 AM PST This week's speech in Frankfurt by Fed Chairman Ben Bernanke reminded me of the old legend of St. George and the Dragon in which a brave young knight slayed an evil dragon to save a town and a princess and become the patron saint of England. In today's version of the tale, Dr. Bernanke attacked China, the dragon, for most of the world's problems and particularly their currency manipulation that is harming the developed world's recovery. In a thinly veiled comment … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Weekly Outlook: November 22-26 Posted: 21 Nov 2010 07:31 AM PST Forex Pros – Last week saw the euro tumble to a 7-week low against the U.S. dollar amid fears over sovereign debt contagion in the euro zone, before trimming losses as European Union officials worked out the details of a possible loan for Ireland's stricken banking sector. EUR/USD hit 1.3446 on Tuesday, the pair's lowest since September 28; the pair subsequently consolidated at 1.3673 by close of trade on Friday, shedding 0.23% over the week. The pair is likely to find support at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Weekly Outlook: November 22-26 Posted: 21 Nov 2010 07:03 AM PST Forex Pros – Last week saw the pound close sharply lower against the U.S. dollar as investors remained concerned over the exposure of U.K. banks to Irish debt and after China tightened monetary policy further, dampening risk appetite. GBP/USD hit 1.5838 on Tuesday, the pair's lowest since October 28; the pair subsequently consolidated at 1.5976 by close of trade on Friday, tumbling 1.05% over the week. Cable is likely to find support at 1.5838, last Tuesday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Weekly Outlook: November 22-26 Posted: 21 Nov 2010 06:53 AM PST Forex Pros – Last week saw the Canadian dollar close lower against its U.S. counterpart for the second consecutive week after China introduced fresh monetary tightening measures to cool its rapidly growing economy, dampening demand for commodity-linked currencies. The pair is likely to find support at 1.0069, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Mandarins Now Come By To Cuba By Boat Posted: 21 Nov 2010 06:52 AM PST You would think that oranges on most citrus-friendly Caribbean islands would be a common, locally grown, readily-available fruit. Well, not if that island is Cuba, as Cuban blogger Yoani Sanchez explains here in a post titled “The Mandarins Come by … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Consuelo Mack Interview With David Einhorn And Sunday Link-Fest Posted: 21 Nov 2010 05:45 AM PST David Einhorn On this week's Consuelo Mack WealthTrack, a rare television interview with the prescient hedge fund manager who correctly called the precarious condition of financial firms from Allied Capital (to read more about Einhorn's short of Allied Capital check out David Einhorn's book (recently updated) Fooling Some of the People All of the Time: A Long Short (and Now Complete) Story) to Lehman Brothers and the financial system as a whole. Greenlight Capital's David … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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