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by Ashraf Laidi
Posted: May 4, 2010 17:30
Comments: 22
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1999 & 2010 Similarities in USD, Euro

The dollar index is set to start its longest MONTHLY winning streak since Jan-June 1999, a year when the USD bullishness and euro gloom was at its maximum
 
 
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Justin Lee
HK, Hong Kong
Posts: 16
14 years ago
May 5, 2010 2:33
Hi Ashraf,

Love your EUR analysis. Do you think the 1.27 target will come earlier than your forecast?

Justin
Mike-Ellis
United States
Posted Anonymously
14 years ago
May 4, 2010 21:04
Hi Ashraf,

Taking the entire period from mid 2003 to date, the Dollar Index looks to have a shot at a huge inverse head and shoulders if it can break above the 89's. That would imply potential to 108ish; can you foresee any economic scenario to justify that kind of Dollar strength other than a complete European meltdown and a major second dip in the global financial crisis?

All the best,

Mike
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