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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
With geopolitics around the middle east (LIBYA) the price of oil will be pushed higher,
Looking at the USD/CAD daily chart I feel it has hit a resitance level around .9900. (Also it seems top of a range)
With the price of oil pushing higher this should make the USD/CAD fall and hopeflly break the support level
Your thoughts are most welcome
I expect US stock markets will decouple from European and even more from BRIC and emerging. These are overvalued, especially asia incl. China (SSEC) , and Russia.
Repatriation will soon set in and propel USDx. It is also likely workload will be transferred back from China India to US. The competitive advantage dwindles as inflation explodes and wages must go up. Americans will buy US treasuries Gross is wrong.