FX Basket (Update)
Posted on May 9, 2009 at 13:22 in Baskets by Ron SchellingNo Comments »

These two charts are the strength and weakness of the major currency pairs and cross rates.

It gives you the global picture about strength and weakness by comparing realtive strength of each of the currencies and cross rates.

The left chart is the situation per April 22th. and the right chart per May 8th.

On the left, the top (brown) on April 22th at USD/CHF 1.1643 per Mei 8th it moved all the way down to 24 at USD/CHF 1.1053

The USD/CAD in the middle per April 22th. 1.2403 and now down to 16 (black line) at USD/CAD 1.1495

It’s also clear what was happening last Friday as most major currencies to a new fresh direction with USD/AUD, NZD/USD, GBP/USD and EUR/JPY at the top (strongest) while USD/CHF and USD/CAD are the weakest

 

     

A Tale of Two Depressions
Posted on May 6, 2009 at 7:46 in Uncategorized by Ron SchellingNo Comments »

A vey interesting article about the real economy at this time compared to the 1930’s

A must to read:

http://news.kontentkonsult.com/2009/05/tale-of-two-depressions.html

 

 

EUR/USD Trend ?
Posted on May 3, 2009 at 7:49 in Hedging by Ron SchellingNo Comments »

EUR/USD is moving sideways for some weeks now, while the last signals was a down trend (red bars).

Only a break above 1.3400 will change the trend to up (green bars) otherwise it remain slightly down trending.

The next step are two other earlier tops to clear before and any further real climb or a real support around 1.2900 in order to get further down.

Time will tell !

 

Money printing
Posted on May 3, 2009 at 7:36 in Uncategorized by Ron SchellingNo Comments »

In an earlier report we wrote about money printing, see: http://blogs.fxstreet.com/forexhedge/2009/03/11/trillion-its-now-the-new-billion/

Today I found another photo about money printing.

Will this be the future for most currencies in the present crisis situation ?

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