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PowerShares DB US Dollar Bullish ETF Message Board

  • pulverize69 pulverize69 Oct 23, 2010 7:24 PM Flag

    Will dollar rise next week?

    Charts look oversold is a bottom in. Any thoughts...

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    • The G20 concensus pointed to miltilateral balancing to stabilse the world recovery.

      UUP,GLD,FXE, pyrotechnics on way.

      TOT alligned bien avec UUP. The Strikers should reach aggreament bientot, non?


      http://www.youtube.com/watch?v=7ItnogOU2gM&feature=related

    • The tea party,like them or not, seem to be increasing strength going into the elections. Being that the dollar is oversold and the tea party is probably positive for the dollar...

    • Dollar will rise if QE2 is effective and economy grows. Until then path of least resisance is down. <<

      As i have pointed out QE is pixie dust--what is holding the market up is perpetuation of the fraud described below. The fraudulent forces are still in power until they crash it again I guess--we are well on our way.


      >>The fraudulent CEOs looted with impunity, were left in power, and were granted their fondest wish when Congress, at the behest of the Chamber of Commerce, Chairman Bernanke, and the bankers' trade associations, successfully extorted the professional Financial Accounting Standards Board (FASB) to turn the accounting rules into a farce. The FASB's new rules allowed the banks (and the Fed, which has taken over a trillion dollars in toxic mortgages as wholly inadequate collateral) to refuse to recognize hundreds of billions of dollars of losses. This accounting scam produces enormous fictional "income" and "capital" at the banks. The fictional income produces real bonuses to the CEOs that make them even wealthier. The fictional bank capital allows the regulators to evade their statutory duties under the Prompt Corrective Action (PCA) law to close the insolvent and failing banks.
      The inflated asset values allow the Fed and the administration to ignore the Fed's massive loss exposure and allow Treasury to spread propaganda claiming that TARP resolved all the problems -- at virtually no cost. Donovan claims that we have held the elite frauds accountable -- but we have done the opposite. We have made the CEOs of the largest financial firms -- typically already among the 500 wealthiest Americans -- even wealthier. We have rewarded fraud, incompetence, and venality by our most powerful elites.<<

      http://www.huffingtonpost.com/william-k-black/foreclose-on-the-foreclos_b_772434.html

      "We have rewarded fraud, incompetence, and venality by our most powerful elites." Most people realize this, but it will take further destruction of the inflated values, soon to be provided by Mr. Market, to finally resolve the issue.

    • look at macd, uup still in down trend?

      • 1 Reply to oa92000
      • MACD does look good and the Williams is confirming, that is why I went long, but MAAAAAANNNNN I don't trust those in charge to read the same charts as you and me.

        The technicals work better when the people making the data (investors) are soewhat similar, but when you have MANY central banks, all with different agendas it becomes tough to call.

        But again, I am long so I think we are at the bottom too, I think.

    • I am long some calls on UUP but I am really not that confident in this. It does SEEM like a bottom should be here, but I don't see anyone in Washington wanting a higher dollar.

      The Chinese will someday show their muscles in the currency markets and dump dollars, but who knows when.


      So, to answer the question on if the dollar will rise I gotta say......maybe.

      GLTA

    • Yes! Definitely. The G-20 members have agreed not to succumb to currency wars that will only hurt their nation's economy. If they are serious and mean what they say, we should see the USD appreciate next week. QE2 will not be significant nor will it be effective. It would take about $500 billion to move the GDP .5%. I think the Feds are only talking about $100 - $200 billion, which will have no impact on GDP. Dollar will appreciate 5% over the next 10 days is my estimate.

 
UUP
21.71-0.03(-0.14%)Aug 1 4:00 PMEDT

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