The U.S. Dollar in the New Year
January 12, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Daryl Montgomery submits:
The U.S. trade-weighted dollar began a significant sell off in early March 2009 from the 89.00 level. By November 25th (the day before Thanksgiving), it hit its yearly low at 74.23. Almost as if on schedule, a rally began in December and lasted until the 22nd (right before Christmas). Trading was mostly flat in the first week of 2010, but off the December highs. Gold, which sold off as the dollar rose, rallied strongly in the first trading week of the year. The dollar is struggling and the technical picture now looks negative in the short-term. The December rally did nothing to reverse the intermediate or the long-term downward trend in the dollar. The currency hit its high in the mid-1980s.
The Euro and Swiss franc both peaked the day the dollar bottomed and bottomed the day the dollar peaked. The British pound, which should be a weak currency considering the extensive money printing taking place in the UK, peaked earlier on November 16th and bottomed later on December 29th. The Japanese yen, which rallied strongly starting in early April 2009, peaked on November 30th and bottomed so far on January 7th. The commodity-based currencies the Canadian and Australian dollar behaved somewhat differently. The Australian dollar peaked with the pound, but bottomed with the euro. The Canadian essentially traded flat.
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Weekly Review and Outlook: Commodity Currencies Soared in New Year, Dollar Consolidations Continued
January 9, 2010 by
Filed under Daily Alerts, Tweet
Australia dollar and Canadian dollar shined last week on strong rally in commodities and strength in global stocks. Dollar was lower following dovish FOMC minutes as well as disappointing job report. Rally in crude oil and rebound in gold also put some pressure on the greenback. But after all, the…
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10 New Year’s Questions for Paul Krugman
January 4, 2010 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Edward Hugh submits:
I have an interview with Paul Krugman in Sunday’s edition of La Vanguardia (in Spanish). Below I reproduce the English original. As will be evident, there are many topics about which Paul and I are far from being in complete agreement. But on one topic, we are in complete harmony: the difficult situation which now faces Spain, the need for internal devaluation, and the threat which continuing inaction on the part of Spain’s current leaders represents for the future of the entire Eurozone.
Edward Hugh: In your NYT article "How Did Economists Get It All So Wrong", you state what I imagine for many is the obvious, that few economists saw our current crisis coming. The Spanish economist Luis Garicano even made himself famous for a day because he was asked by the Queen of England the very question I would now like to put to you: could you briefly explain to the Spanish public why you think this was?
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Paul Frank’s Recipe for a Successful New Year: Dividends, Defense, Mid-Caps
December 31, 2009 by Seeking Alpha
Filed under Tips
Original Article from Seeking Alpha Dollar Currencies
Paul Frank submits:
ETFOX isn’t your typical mutual fund as its portfolio is made up almost entirely of ETFs. The fund’s investment portfolio is managed on a day-to-day basis by Paul Michael Frank. Paul was born in 1962 in Quebec, Canada. His formal education includes a B.A. in History and Economics from Drew University. He also completed an MBA in Finance from Fordham University’s Graduate School of Business Administration in 1992 where he was named class valedictorian.
In April 2004, he launched the ETFOX mutual fund, which he has managed since, gathering roughly $65 million in assets under management. ETFOX has earned four stars from Morningstar for its five-year performance. YTD (through Nov. 30), the fund had outperformed the S&P 500 SPDR ETF (SPY) by over 6%, excluding expenses.
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Paul Frank’s Recipe for a Successful New Year: Dividends, Defense, Mid-Caps
December 31, 2009 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Editor’s Pick
Paul Frank submits:
ETFOX isn’t your typical mutual fund as its portfolio is made up almost entirely of ETFs. The fund’s investment portfolio is managed on a day-to-day basis by Paul Michael Frank. Paul was born in 1962 in Quebec, Canada. His formal education includes a B.A. in History and Economics from Drew University. He also completed an MBA in Finance from Fordham University’s Graduate School of Business Administration in 1992 where he was named class valedictorian.
In April 2004, he launched the ETFOX mutual fund, which he has managed since, gathering roughly $65 million in assets under management. ETFOX has earned four stars from Morningstar for its five-year performance. YTD (through Nov. 30), the fund had outperformed the S&P 500 SPDR ETF (SPY) by over 6%, excluding expenses.
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Can Markets’ Gains Last Through New Year’s?
December 24, 2009 by Seeking Alpha
Filed under Investment Ideas
Original Article from Seeking Alpha Editor’s Pick
Sean Hannon submits:
As I outlined in the most recent issue of my weekly newsletter EPIC Insights, markets are progressing just as I predicted. With only five trading days remaining this year, economic data is light, volume is low, and sentiment is in control. Following the game plan of the past few months, sentiment continues to drive prices higher as every decline is met with buying interest.
After last week’s decline, the bears were convinced that stock prices would quickly succumb to gravity, but instead prices are higher. The EPIC Index (EPIC) moved higher each day this week, has reclaimed the psychologically important 10,000 level, and is well positioned to end this year at an annual high. Finally, with the NASDAQ, S&P 500, DAX, CAC, Russell 2000, and Dow Transports all hitting new highs this week, the strength is broad. Considering that nine of the 14 components of EPIC have reached new annual highs during December, we are witnessing a base to push higher as opposed to a topping process.
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Popular New Year’s Resolution: ‘Stop Paying My Credit Card Bills’
March 18, 2009 by
Filed under Tips
Macro Man submits:
Well, after a 16% trough-to-peak rally in just a week and a half, things might be about to get very interesting indeed for the S&P 500. The index touched and briefly breached the support-turned resistance at 767, the old reaction low from 2002, but failed to close above it. With the Fed announcement on Wednesday, the TALF on Thursday, and triple witching on Friday, Macro Man frankly wouldn’t be surprised by any weekly close between 700 and 800.
Christmas trading is here, markets consolidate and settle into tight ranges.
January 27, 2009 by
Filed under Daily Alerts
The dollar regains it’s winning ways this morning as last week’s encouraging White house intervention regarding Chrysler and GM stimulates markets. We have however seen volumes and activity slowly wind down as the world prepares to celebrate Christmas and the Christian New Year. While this “breather” is very much noticeable for the equities and Currency markets – recent developments in the U.S…
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US Session: Western European Currencies Rally Strong Before Year-End.
January 27, 2009 by
Filed under Daily Alerts
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The dollar is mostly flat in the last week of 2008, not much is anticipated before the New Year. The EurUsd surged a bit over 200 pips to the mid range of 1.42, while the UsdJpy slid 70 pips finding support near 90. The GbpUsd is trading close to its previous close, and little news is set to be released in the UK. Equity markets are mixed with the US stock indexes negative in the today’s… | ||||||||||||
US Session: ISM Manufacturing Collapses Dollar Mixed Against Majors
January 27, 2009 by
Filed under Daily Alerts
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Despite extremely weak economic data to open the New Year, the dollar managed to gain against some of the majors. The EurUsd dropped over 180pips to mid range of 1.38, while the UsdJpy surged 150pips trading through previous resistance of 92. The GbpUsd fell 165pips to the low 1.45 level testing parity with the Euro over the last week. Equity markets finished convincingly positive in the US and… | ||||||||||||||||||||