Det kan inte ha undgått någon att se hur svag dollarn har varit på sistone. Det trots oroligheter i världen som brukar vara en stark anledning för investerare att fly in i dollarn. Inte den här gången. Det ser ut som om de grava ekonomiska problemen i USA till sist slår mot dollarn.
This is one ugly chart måste jag säga. Vi har just brakat under novemberbotten. Nästa nivå hittar vi strax ovanför 74 på USDX.
Här har ni James Turks syn på saken:
James Turk - Panic Selling of US Dollar Could Happen Quickly
“There are so many important things happening here today, but what I am focusing on is how weak the dollar has been. The key is the dollar index took out its low from last November. The way I see it that means the dollar index is going to be closing in on its all-time low of 70.79. Here is the scarey part Eric, given how poorly the dollar is trading, I think we could see that low level very quickly.”
“The precious metals are giving a clear message, namely that the dollar is in trouble. Gold and silver are near their recent highs and this shows both markets, the dollar and the metals confirming the trend. It’s not just the charts painting this bearish picture for the dollar, the fundamentals are atrocious. With Europe on the verge of raising interest rates and the Federal Reserve set in its ways keeping interest rates low as far as the eye can see, people around the world are going to increasingly dump the dollar.
At some point there is going to be a panic as the flight from the dollar moves from the relatively orderly retreat we are currently witnessing, to a stampede. The charts are telling me that panic is about to begin. As I mentioned in a KWN blog earlier this month, I believe the next leg down in the US dollar will shock the world.”
Ord och inga visor.