Dear Traders,
US Dollar primed to fall !
The ruling party in the US has engineered a massive manipulation in concert with central banks around the world as well as the Saudi/ UAE and Kuwati central banks to raise the value of the US Dollar, drop the oil price, boost the Dow Jones inorder that McCain wins in November. The Republicans will do all in their power to keep power.
Ruling parties and the priviledged class around the world want McCain to win. He is good for business, he and the conservatives want more wars which is good for the defense contractors and the chronies who support him including big oil, big pharma, investment banks and big tobacco.
The problems the US Authorities can not seem to fix are the on going housing collapse, credit crises, rising trade deficit and the downswing in the export sector which is now suffering with the rise of the US Dollar. Europe, Australia, China and Asian countries and Malaysia are much stronger economically and fiscally than the US so once the euphoria of the dollar bulls has run its course.
The US citizens have a negative savings rate, are loaded with credit card debt and are watching their main asset their house plummet in value. Unemployment is now at an 8 year high and rising as whole manufacturing industries move to China, East Europe and other Asian countries. The US is turning to socialism and bailing out the deadbeats and debtors. The Chinese on the other hand have a high savings rate, are turning to capitalism and their economy continues to expand. This should support the AUD
Should the Federal Reserve lower interest rates next week, that could cause downside in the US Dollar. With the hurricane in Texas, this might give the Fed Reserve an excuse to lower interest rates to provide liquidity in this disaster. Already price gougers are selling petrol at USD 25 per gallon, there are over 1,000,000 who are evacuated and need emergency support- the US government will print more money to support these potential voters.
I know this is very contrarian because the financial press and most analysts are super bullish on the US Dollar and say the credit, housing, employment crises is almost over I forecast a turning point in the US Dollar very soon.
US Dollar Index Future ( US Dollar versus a basket of currencies) Note attached chart with high volume up bar at the right end of the chart which is a signal of weakness. The dollar did drop on Friday night in New York.
For our TradeGuider members, I highly recommend you check out http://www.vsaclub.com/ . Every week they trade real time using VSA. Last week they did 8 trades in 4 hours on currencies/ e minis/crude oil and made several thousand dollars real time.You could follow these trades and place in your own account.
This is a members site and there was no marketing only trading. I watched them for 3 hours and it was the real deal.
Have a good week and expect more ranging as insiders and smart money continue to buy quality shares selling at bargain prices. I continue to like Warren Buffet type of shares. My indicators show selling has dried up with these shares so ownership has gone to strong hands who refuse to sell
Bill
US Dollar primed to fall !
The ruling party in the US has engineered a massive manipulation in concert with central banks around the world as well as the Saudi/ UAE and Kuwati central banks to raise the value of the US Dollar, drop the oil price, boost the Dow Jones inorder that McCain wins in November. The Republicans will do all in their power to keep power.
Ruling parties and the priviledged class around the world want McCain to win. He is good for business, he and the conservatives want more wars which is good for the defense contractors and the chronies who support him including big oil, big pharma, investment banks and big tobacco.
The problems the US Authorities can not seem to fix are the on going housing collapse, credit crises, rising trade deficit and the downswing in the export sector which is now suffering with the rise of the US Dollar. Europe, Australia, China and Asian countries and Malaysia are much stronger economically and fiscally than the US so once the euphoria of the dollar bulls has run its course.
The US citizens have a negative savings rate, are loaded with credit card debt and are watching their main asset their house plummet in value. Unemployment is now at an 8 year high and rising as whole manufacturing industries move to China, East Europe and other Asian countries. The US is turning to socialism and bailing out the deadbeats and debtors. The Chinese on the other hand have a high savings rate, are turning to capitalism and their economy continues to expand. This should support the AUD
Should the Federal Reserve lower interest rates next week, that could cause downside in the US Dollar. With the hurricane in Texas, this might give the Fed Reserve an excuse to lower interest rates to provide liquidity in this disaster. Already price gougers are selling petrol at USD 25 per gallon, there are over 1,000,000 who are evacuated and need emergency support- the US government will print more money to support these potential voters.
I know this is very contrarian because the financial press and most analysts are super bullish on the US Dollar and say the credit, housing, employment crises is almost over I forecast a turning point in the US Dollar very soon.
US Dollar Index Future ( US Dollar versus a basket of currencies) Note attached chart with high volume up bar at the right end of the chart which is a signal of weakness. The dollar did drop on Friday night in New York.
For our TradeGuider members, I highly recommend you check out http://www.vsaclub.com/ . Every week they trade real time using VSA. Last week they did 8 trades in 4 hours on currencies/ e minis/crude oil and made several thousand dollars real time.You could follow these trades and place in your own account.
This is a members site and there was no marketing only trading. I watched them for 3 hours and it was the real deal.
Have a good week and expect more ranging as insiders and smart money continue to buy quality shares selling at bargain prices. I continue to like Warren Buffet type of shares. My indicators show selling has dried up with these shares so ownership has gone to strong hands who refuse to sell
Bill
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