Market Curiosity: Exploring Markets And Systems

March 3, 2011

Debt: US dollar index, bonds, eurodollars: less than perky

Filed under: Just Watching — Tags: , , , — Jeff Fitzmyers @ 9:01 pm

What the abundance of federal reserve notes are based on:

Eurodollars, (time deposits denominated in U.S. dollars at banks outside the United States) are a huge market. And they are bearish.

The dollar index (which is different than the “USD”) is taking it’s sweet time to even bounce.

References
+ US dollar nearing the supporting trendline for the 5th time

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