Tag: dollar

New Video: Don't you wish you had a printing press?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 13th of December.

DON'T YOU WISH YOU HAD A PRINTING PRESS?

Once again Chairman Bernanke comes to the rescue by stating that he wants to keep interest rates low forever. Not a problem Ben, just keep printing money until it's worthless. As a private citizen of the U.S. you're not allowed to have a printing press to print money, there's a reason for that, it's against the law. It seems to me that Bernanke and the Fed are pretty much doing what they want, and who cares if the money just keeps going down and down and down. The government has been pushing the dollar lower for years. One major concern I have is that you cannot remain a superpower for long with a fiat currency.

Fiat money originated in 11th century China, and its use became widespread during the Yuan and Ming dynasties.The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.

Next challenge … Continue reading "New Video: Don't you wish you had a printing press?" →

New Video: Never Again In Our Lifetime, 12/12/12

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 12th of December.

12x12 = 144, A FIBONACCI NUMBER?
Never again in a lifetime are we going to see 12/12/12. Is 12/12/12 an omen for something greater to come or perhaps some pending disaster (Fiscal Cliff)? That remains to be seen, but for now let's just marvel at the fact that we are living through history, with a once in a lifetime date of 12/12/12.

TO BE OR NOT TO BE? THAT IS THE QUESTION ON THE "FISCAL CLIFF"
I would very much doubt that we are going to see the "Fiscal Cliff" resolved in 2012. I would probably be happy if the politicians could come to an agreement any time in the first quarter of 2013. As you know, perhaps better than myself, politicians being politicians are likely to kick the can down the road again in December.

TIME TO LOOK AT APPLE?
There's no doubt about it, Apple's perilous fall from grace shook many money managers in Q4. And it's doubtful that we will see Apple regain its former star stature any time soon. We believe that this stock is best looked at in the first quarter of 2013. Continue reading "New Video: Never Again In Our Lifetime, 12/12/12" →

Daily Video Update: Surprising jobless data propels the market

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz with your mid-day market update for Thursday, the 11th of October.

A surprisingly big drop in weekly jobless claims have helped to stop the sell off Thursday despite news of a downgrade of Spain's sovereign credit rating.

The Labor Department reported that claims last week fell by 30,000 to 339,000, the lowest level since February 2008. The figures were another indication that the world's largest economy is over its summer soft patch and may be gaining traction.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.

Click Here to view today's video

The US Dollar and Inflation!

Posted on by The INO.com Team

The US Dollar Index is a measure of the value of the United States Dollar compared to a basket of currencies weighted accordingly:

  • Euro 57.6 % weight
  • Japanese yen 13.6 % weight
  • Pound sterling 11.9 % weight
  • Canadian dollar 9.1 % weight
  • Swedish krona 4.2 % weight
  • Swiss franc 3.6 % weight

The US Dollar typically has an inverse relationship to the other currencies and is traded at the ICE exchange. Post WWII, the US Dollar was tied to the Gold Standard, but today, the dollar is without intrinsic value. It is only valuable in that the US states its value. In recent years the value of the US Dollar may be decreasing due to oversaturation of the currency, low interest rates and the increasing debt in the US. The weaker dollar does typically help boost US exports as the foreign buyers may garnish more for their money when the dollar is undervalued. The US Dollar may also act as a safe-haven product that investors may flock to during times of uncertainty. The investment community may often reference the CFTC Commitment of Traders (COT) report to see the net longs or shorts in the market that week to determine any trends. It is typical to follow the big money in trading. Last week, for example, traders held a net short position in the dollar of $11.4 billion as of September 18th which was one of the largest short position in some time. The allocations shift and traders may follow the allocations. The US Dollar also may trade inversely to Gold which is actually another (hard) currency as well. Continue reading "The US Dollar and Inflation!" →

Daily Video Update: Spain Looks to Secure Bailout

Posted on by The INO.com Team

Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 21st of September.

Stocks have continued to perform well over the course of the trading day today. While buying interest has remained relatively subdued, the markets continue to benefit from news out of Europe.

That news of course is that European Union officials are working behind the scenes to pave the way for a new Spanish rescue program and unlimited bond buying by the European Central Bank. Will this actually happen? Or is just a another smoke screen coming out of Europe?

Crude Oil is continuing to struggle and I noticed a powerful technical indicator in Gold today that we'll discuss.

Now, let’s go to the charts and our Trade Triangles and see what’s happening. Click Here to view today's video

Every Success,
Jeremy Lutz