– 16/05 (via ForexPromos) Gold entered a so-called bear market, dropping for a fourth day, after Greek leaders failed to form a government, increasing speculation that the country may quit the euro. The Dollar Index (DXY) was driven to a record advance. The Dow Jones Industrial Average (INDU) fell to an almost four-month low…
Tag Archive for DXY
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
The Market’s Getting a Wedgie
by Charles Hugh Smith • • 0 Comments
The “risk-on” stock market is getting a wedgie, and so is its “risk-off” counterpart, the U.S. dollar.
The U.S. stock market is getting a wedgie, and so is the U.S. dollar. That matters, as wedges tend to break up or down in a big way. Stocks…
Bears Chat, Best of the Forums, Must Read
Look for 2012 to be the year of the dollar
by Bears Chat at The Wall Street Examiner • • 0 Comments
Dec. 28, 2011, 3:53 p.m. EST
Look for 2012 to be the year of the dollar
Commentary: Currency wars favor the greenback
By David Callaway, MarketWatch
SAN FRANCISCO (MarketWatch) — At a meeting in London last month I listened with mild amusement as a…
Bears Chat, Best of the Forums
Stock Market and the Dollar: There are only 3 possibilities
by Bears Chat at The Wall Street Examiner • • 0 Comments
With stocks and the dollar on a see-saw, there are only three possibilities to choose from.
Since the stock market is in the news (perhaps as a result of trillions of dollars/euros/yen/yuan/quatloos having suddenly vanished from millions of account…
