Moderator: Charlie Phillips
PigBloodCake wrote:Get ready for a huge bounce of both USD and JPY as the SHTF.
SillyWilly wrote:PigBloodCake wrote:Get ready for a huge bounce of both USD and JPY as the SHTF.
The "huge bounce" in the USD has been going on since the end of QE2 at the end of June 2011. Since the end of QE2 the USD has moved up from 73 to 83 on the USD Index. That's a sweet gain of around 13.5% in just under a year.
How high can the USD move? Probably around the 88 level on the USD Index. Enormous resistance at the 88 level. Expect another 6% rally in USD before it turns around and resumes the long term down trend.
BTW, once QE3 arrives, all bets are off and the USD will immediately start its LT down trend.
QE3 will arrive even quicker as the Euro SHTF.
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