US Dollar

The British Pound dropped to a seven-week low versus the US dollar on Friday. The pound dipped as low as $1.5423. The dollar index (DXY) gained 0.44% to 79.47.

We are all familiar with the quoted value of stock indexes like the DOW or S&P 500 that we see on websites and TV news channels. Even though these quotes are of course accurate they are also ‘currency nominal', meaning that they ‘hide' the affects of US Dollar currency fluctuations. Recently...

It is important when initiating trades to have targets. You will notice that we try to give price objectives when establishing long and short positions for our clients in most trades. After five positive sessions Crude looks like we will see a negative close with prices settling just above the...

Chris Vermeulen wrote a technical analysis today of US equities via SPY, the German DAX, gold via GLD, and the US Dollar.  I took his advice near the end of the trading day and shorted the S&P 500 via SDS (2x leveraged short S&P 500 ETF) for a short-term trade. We'll see how it pans out...

For the last several weeks I have had readers mailing me asking why gold and silver have been selling off. The answer is very simple. There is a strong correlation between a strong dollar and weak commodities. The dollar is no different than anything on earth – it will always follow the path of...

Equity markets (with financial stocks being the stand outs) are broadly higher as markets run on the expectation that a European aid package is on the verge of being accepted by the member states of the EU. This assurance could turn violently, however, if these expectations are not met as it will...

The International Monetary Fund (IMF) gave a grim outlook for the global economy in its most recent World Economic Outlook report. According to the IMF, “financial volatility has again increased drastically, driven by concerns about developments in the euro area and the strength of global activity...

FRANKFURT - I've proven that even a fool can make a lot of money in the market. I've also proven that "a foole and his money is soone parted." This morning, I was sitting outside of a café on Berger Straße, sipping on a latte and pretending my pen was a cigarette. I watched high-end branded...

Do you ever wonder: if the bi-winning Fed secretly engineered the debt-limit crisis, so it can fulfill its dual mandate of lowering US treasuries interest rates and destroying the value of the dollar? why gold bears no interests, but everyone is interested in it? who invented the oxymoron '...

There is so much talk these days regarding the end of the FED’s QE2 or quantitative Easing part 2 that has resulted in both professional and amateur investor confusion. Add to the mix the constant MOPE (Management of Perceived Expectations) from “B52 Ben’s” minions and throw in to the mix the...