Options and Currency

US dollar update, outlook and opinions

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“Dollar declines to new low“. This statement could be applied against any number of currencies as the US dollar or Greenback keeps trending lower. The dollar declined to $1.6038 per euro, the lowest since the Euro’s inception in 1999. It fell to 104.97 yen, from 106.14 yen yesterday. The U.S. dollar also declined to a [...]

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I bought into the market hype for Visa and got burnt!

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Over the last week or so Visa (V) stock has been on steady run up from about $60 to $90 – until the last 2 days of this week when it lost 7% of its value. I had bought some stock when it was $64 (just after the IPO) and was looking to buy some [...]

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2012 US Dollar Outlook: Greenback Weakness Forecast Amidst Lower Interest Rates and Fading Euro Risks

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The US dollar is likely to remain subdued in the short to medium term with the Federal Reserve announcing it would keep US interest rates at or below 0% until at least 2014. The inflation target was also adjusted to 2%, reflecting the expectation of slow growth and moderate activity in the US economy. Lower [...]

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Tech Stocks Booming – Buying them through XLK options

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Looks like Technology stocks are back in vogue, after rallying nicely over the last two days. I think the “long commodities/short dollar” trade, which has been the primary trade for the past three months is clearly reaching the end of its profit potential. This trade relied on the falling dollar to make money as commodities [...]

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