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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
ashraf
The price of wheat, corn, cooper, gold is to a great extent
determined by the purchasing power of the dollar because the purchasing
power of the dollar has decreased
The bigger than expected 500K rise in US jobless claims is negative for risk appetite but is not benefiting the US currency due to the direct growth implications on the US economy. The strength is likely to be focused on CHF as the Swiss currency is seen as the preferred risk-aversion option, especially that chatter regarding Japanese policy shifts is keeping a cap on JPY. Nonetheless, JPY and USD will likely join CHF in the event that risk aversion deepens after the bell. For now, momentum is sharpest against EURCHF, USDCHF and USDJPY, eyeing 1.3220, 1.0170 and 84.80 respectively.
Ashraf
Ashraf
i heard they are going to produce new product Green Forex Kit does anybody know anything about it?
Ashraf
we might see a bounce ahead of Unov of Michican right after markets open but not much beyond
Ashraf
The Johnson Redbook survey of retail sales says 0.6 % decline vs. previous month.
http://www.icsc.org/homepage/research_article.php?id=180
link above confirms lower retail sales
b.