Obama kills the DOW.

[Alb]

OK, the DOW has been horribly bearish since the Obama inauguration. They guy can't do anything to bring life back into the markets. All he can deliver is hope.

So, I ask your opinion on this.. With HUUUGE bailout debts mounting, and the inevitable higher taxes to come, what will be the overall effect on the USD ???

Any suggestions on how to position ourselves to benefit from this?

[toyogo00]

Hi,

It is a very fundamental analysis (economy) rather than technical analysis. We are here focusing more on technical analysis.

Having said that, general thought is if China or others continues to purchase treasury bills, then USD will continue to appreciate which is happening now. Two of the good website to read about it are:
http://www.moneyandmarkets.com and http://www.learningmarkets.com/

Passage of Obama's Stimulus Could Drive the US Dollar Down
if President Barack Obama's $900 billion stimulus package gets the thumbs up from Congress. Passage of the bill would make the greenback less attractive than other major currencies in a whirl-wind world economy.
http://www.learningmarkets.com/index.php/200902041409/Forex/Forex-Fundamental-Analysis/passage-of-obamas-stimulus-will-drive-the-us-dollar-down.html

Regards,
Toyogo