Friday, September 21, 2012

A big mark for German DAX here at witchday...

Weekly chart of #German #DAX from 1980 onward! Time to put money off the table?

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Thursday, September 20, 2012

DXY-Dollar Index long term chart pattern



Watching the pattern and time frame one could argue for a pronounced long term upmove in DXY! Not with QE to infinity...FYI

Fwd:Is there a better chart which explains the FED's



That's a good one I think as you can see the stages of the last three QEs (before we go to infinity) of the FED. White line is the IBOXX Credit spread, yellow the VIX Index and red the USD Index! As you see - QE1 brought VIX, the Credit spreads and the DXY down. QE2 came after a huge run up in DXY and after the equity sell off. IMO QE3 had nothing at all to do with deflation and as you can see with spreads in Credit (VIX nowadays at near all time lows <14) or anything else! If you believe what the FED says-that they take a stronger focus on employment it might make sense. To me it only has one purpose - to weaken the ccy and debase it and therefore QE to infinity is guaranteed and sure as death and taxes! A classical good old ccy war goes into a new round...