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DailyFX Forex Radio: A Disappointing Start To The New Year For The Dollar, NFPs Could Add To The Burden
By DailyFX Radio | January 2, 2008
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Key Points
· Dollar hammered by a disappointing ISM Manufacturing reading, fear of a recesion, 50bp rate cut rising (Read more in Daily Fundamentals article).
· GBPUSD unmoved despite the dollar turmoil, raising questions as to the pound’s future.
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noneTopics: Don't Trade Like This |
January 3rd, 2008 at 8:10 am
Trend For US Dollar
USD appears to be undervalued at the moment, what ever the reasons might be. Given the inherent strength of the US economy and particularly the American technology sector, the greenback is not commanding appropriate exchange rates at present. This may be one of the historical follies of the free market system but the fact remains that the American Dollar is presently undervalued against the world currencies.
What are the reasons ? What are the solutions ? What are the consequences ? Where do we go from here ?
http://www.devikakumar.com
January 3rd, 2008 at 8:13 am
Towards World-War ? Russian Uranium to Iran :
Method in Russian Madness ? Iran Now Ready to
Strike, Stack USD to survive in a world struck by
disaster
You do not need to decipher Nostradomus to conclude that the
biggest disaster may just be around the corner for the human
civilization with Russian delivery of enriched uranium to Iran
ostensibly for power generation but a good part of which is
clandestinely going to be diverted for Iranian n-weapons very
soon (may be a month or so.)
The only issue remains to be seen is whether the west waits for
Iran to assemble the nukes and strike first or the western powers
including Israel launch an anticipatory strike on Iran followed by a
punishing strike on Russia and China who by their proliferation
activities have helped the fundamentalist Islamic regimes like Iran
and Pakistan gain access to fission material and weapons of mass
destruction aimed at annihilating the western civilization.
Needless to say the only currency that would survive this nuclear
holocaust is the USD. Thus investors would do well to acuire USD
as well as properties in the US, Canada, New Zealand etc.
January 3rd, 2008 at 11:15 am
A weak payrolls number on Friday could really rock the stocks lower. Looking for more dollar weakness in ‘08.