The Euro is down almost 1% at around 136 and change on probably
this Ireland debt prob and the rest of the Euro countries deep in
debt, which is helping the dollar but unfortunately keeping gold up
at the same time which is preventing this GDX short from making any
downward movement. I know I am having the same problem Ditch.
Market down, dollar up, GDX flat....something intuitively wrong
with that picture.
actually it should be helping only shorter term notes, focus of
POMO is primarily under 10 years TSY's as I noted here previously,
that is why the yield curve is going flatter to 10's and steeper
out to 30 years. what is different in QE2 is that they are in
the market virtually every day. the new calendar shows days,
maturity they are buying and approx amount. like medicine, if
you take it every day you are going to build up an immunity....
JMHO
FWIW, then of course there is the 'issue' of Ireland's explosive
debt situation (Portugal coming up next) and what the EURO folks
will have to do about it, the old domino theory, PIIGS this time
around. Can they handle 2 countries going belly up at the
same time (as this time has to be different). let's combine
all that with the G20 meeting, maybe it's time for the dollar to
bounce for a bit, just to show the World that we aren't really
trashing the dollar (just yet, maybe next year)..
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With the Fed clear cutting
USD Futures Breakout?
Posted by ditch on 11th of Nov 2010 at 01:49 pm
With the Fed clear cutting the forest to print money, why is the dollar so strong?
With the Fed clear cutting the forest to print money, ...
Posted by windyjazz on 11th of Nov 2010 at 02:02 pm
The Euro is down almost 1% at around 136 and change on probably this Ireland debt prob and the rest of the Euro countries deep in debt, which is helping the dollar but unfortunately keeping gold up at the same time which is preventing this GDX short from making any downward movement. I know I am having the same problem Ditch. Market down, dollar up, GDX flat....something intuitively wrong with that picture.
http://www.newyorkfed.org/markets/tot_operation_schedule.html first Fed injection is due
Posted by cclammers on 11th of Nov 2010 at 02:00 pm
http://www.newyorkfed.org/markets/tot_operation_schedule.html
first Fed injection is due tomorrow, this link will show you the schedule for Nov and Dec.
Seems to me this would
Posted by ditch on 11th of Nov 2010 at 02:04 pm
Seems to me this would be helping bonds not the dollar. thanks
POMO
Posted by hazbin1 on 11th of Nov 2010 at 02:08 pm
actually it should be helping only shorter term notes, focus of POMO is primarily under 10 years TSY's as I noted here previously, that is why the yield curve is going flatter to 10's and steeper out to 30 years. what is different in QE2 is that they are in the market virtually every day. the new calendar shows days, maturity they are buying and approx amount. like medicine, if you take it every day you are going to build up an immunity.... JMHO
FWIW, then of course there is the 'issue' of Ireland's explosive debt situation (Portugal coming up next) and what the EURO folks will have to do about it, the old domino theory, PIIGS this time around. Can they handle 2 countries going belly up at the same time (as this time has to be different). let's combine all that with the G20 meeting, maybe it's time for the dollar to bounce for a bit, just to show the World that we aren't really trashing the dollar (just yet, maybe next year)..