Horizons BetaPro US Dollar Bear Plus ETF T.HDD

US $ comments: Vialoux & Thackray

[CalgaryLad]

These selections are from Don Vialoux- check out his site/todays report for charts & detailed comments on the US$.

https://www.timingthemarket.ca

Weakness in the U.S. Dollar is far from over. The Dollar historically reaches its seasonal peak early in April. Seasonal influences started earlier than usual this year. Additional weakness in the U.S. Dollar will prompt buying of commodities and other selected investments. 

The U.S. Dollar has a deteriorating technical profile. A peak was reached three weeks ago at 89.62. Short term momentum indicators have rolled over from an overbought level and currently are trending down. On Wednesday, the U.S. Dollar plunged 3.0%, the largest one day decline in over a decade. First downside technical target is to its 200 day moving average currently at 80.75.

According to Thackray’s 2009 Investor’s Guide, the U.S. Dollar has a history during the past 25 years of reaching its annual peak in the first week in April. Positive seasonal influences appeared earlier than usual this year.

[wavepsyche]

Massive and growing twin US deficits, quantitative easing by 'Helicopter Ben'  and trillions is additional spending is reason enough ... now we have Mr Booyah screaming that the USD is dead. Since the herd will probably "stay with Cramer" in the near and intermediate term, is a contrarian move wise? I think not ... I'll be buying more HDD on pullbacks ... glta.https

[CalgaryLad]

Thx for your response.   I gave this/your scenario much thought a few months ago and disagree as the rush to the US$ last October was based primarily on the credit crisis.  One must distinguish between this & the world wide recession.   The credit crisis is thawing & today's news from Geitner is another example of co-ordinated lending.  We are not out of the woods