Economic Charts

All economic charts are at the bottom of the page.

Friday, September 24, 2010

Dollar Continues to Lose Value

Gold spiked to an all time high last night of 1301.50, while the dollar continues to fall against major currencies.  Seems to be massive printing from having to float various markets (housing, stock, bond and etc) is devaluing the dollar considably.
Remember the currency in the first part of the pair is the one going long and in the second position is the one going short [1st/2nd].  For example EUR/USD above the upward momentum means that the EUR is appreciating against the dollar.  In the case of USD/CHF, the dollar is losing value vs the CHF (swiss franc).

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