Tag: currency

TDI Podcast: Central Banks are Doing What? (#311)

This week we explore a hair raising news story that discusses the new direction of some of the world’s central banks. It is quite disturbing and won’t end well. Earnings and Economics are also topics that we explore as well as how to properly set stops/limits in the current market...

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The Yen – Trade Weighted Valuation Targets

This study shows the effective exchange rate and is a measure of the value of a currency against a `basket’ of other currencies, relative to a base date. It is calculated as a weighted geometric average of the exchange rates, expressed in the form of an index. The effective exchange rate indices for sterling...

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Currency – A Better Look at Valuations

An effective exchange rate is a measure of the value of a currency against a `basket’ of other currencies, relative to a base date. It is calculated as a weighted geometric average of the exchange rates, expressed in the form of an index. The effective exchange rate indices for sterling and other currencies published...

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Yen Approaching 2000 High Against Euro – Intervention Ahead!

This is not at all good for Japan’s exporters. Already there has been “strong words” by Japan’s finance officials that they are ready to use extraordinary measures to protect the exporters through monetary policy. This plan is probably one of the reasons that the U.S. dollar is nearing the lows...

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ISM Manufacturing Holds – U.S. Is An Economic Oasis It Seems

Just when it appears that the global slowdown will do some serious damage in all regions of the world, the U.S. has apparently bucked the trend. Even though we are not seeing strong growth by any means, the fact is that somehow U.S. Manufacturing and employment are holding steady.

At the...

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Wait A Minute… Negative Interest Rates by Swiss?

Can they do that? I mean… What does that mean? Just as the announcement/rumor/story made the headlines, the Swiss Franc dropped by over .50%. Then, as the information was being parsed and hopefully confirmed, there was a slight uptick as a general feeling of disbelief must have set in.

Now, as...

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This Euro/SPX Correlation is Getting Ridiculous (Today’s Chart)

So far today, the movement for the Euro and the S&P 500 has been moving in lockstep. The chart below shows the 3-minute movement for each of these and how closely they are connected.

There are many reasons to believe that the de-risking along with de-leveraging has a good deal to...

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3rd Quarter Commodity Chartbook – Does This Pattern Look Familiar?

It has been a disastrous quarter for most commodities. BIG losses from a combination of both concern of a global slowdown/recession and forced liquidations.

Below is the Chartbook we produce quarterly. It provides us with a good reference point and trend identifier. What we see is not helping to provide an...

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The U.S. Dollar is a BUY (So The Calculations and Experts Say…)

By most “standard” calculations, the U.S. Dollar (USD) is undervalued by close to 20%. Using the Effective Exchange Rate methodology, the USD may be due for a rise in the near future.

However, even with the recent market slide and persistent worries over potential defaults within the EuroZone, traders have been...

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