dollar

Brad Mayer bradley.mayer at ebay.sun.com
Fri Aug 17 10:06:04 PDT 2001


At 09:14 PM 8/16/01 -0400, you wrote:


>I'm probably talking out my ass, but it's funny that
>the charts seem to be at dialectical odds with
>eachother (US Rise, EC drops, EC Rise, US drops)..Hmm

No, nothing fancy like that, just money changing hands at a conjuncture. On the other hand, in Yenland:

Thursday, August 16 11:00 AM SGT Dollar gains against the yen on talk of government intervention ----------------------------------------------------------------------------------------------- http://asia.dailynews.yahoo.com/headlines/business/afp/article.html?s=asia/headlines/010816/business/afp/Dollar_gains_against_the_yen_on_talk_of_government_intervention.html ----------------------------------------------------------------------------------------------- ""Lately the US economy seems sluggish ... so Asian investors keep buying the euro against the dollar," said Sanwa's Sahara."

followed immediately by:

Thursday, August 16 6:14 PM SGT Bank of Japan governor rejects currency intervention as yen soars ---------------------------------------------------------------------------------------------- http://asia.dailynews.yahoo.com/headlines/asia/afp/article.html?s=asia/headlines/010816/asia/afp/Bank_of_Japan_governor_rejects_currency_intervention_as_yen_soars.html ----------------------------------------------------------------------------------------------- Strong or weak yen? They can't make up their minds. Japan needs to start nationalizing banks to get a handle on money flows (as the Economist recently suggested).

-Brad Mayer


>- --- Jordan Hayes <jmhayes at j-o-r-d-a-n.com> wrote:
> > > http://futures.tradingcharts.com/chart/US/91
> >
> > Real traders don't trade the dollar index :-)
> >
> > http://futures.tradingcharts.com/chart/EC/91
> >
> > June 21th was the day I got long . . .
> >
> > /jordan
>



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