{"id":79568,"date":"2009-12-13T11:58:00","date_gmt":"2009-12-13T16:58:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/globalization-is-dying-2009-12"},"modified":"2009-12-13T11:58:00","modified_gmt":"2009-12-13T16:58:00","slug":"the-dollar-bulls-are-multiplying-like-rabbits","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/79568","title":{"rendered":"The Dollar Bulls Are Multiplying Like Rabbits"},"content":{"rendered":"

Talk of a dollar ‘bottom’ keeps building, this time from Trader’s Narrative.<\/a> Don’t forget that even the commodity bull Jim Rogers has been buying dollars.<\/a><\/p>\n

Any hardcore contrarian has to be tempted at this point. It’s just too easy to trash the dollar.<\/p>\n

For what it’s worth, here are a few technical reasons why sentiment might be turning:<\/p>\n

Traders Narrative:<\/a> While US dollar sentiment has been extremely bearish for a few months, the US dollar index has just now managed to move above its 50 day moving average. The last time we saw such a tiny gleam of positivity from the dollar was back in April (and that didn’t work too well):<\/p>\n

…<\/p>\n

At best, the US dollar has taken the first tentative steps in the bottoming process. In which case, this simply deserves monitoring. At worst, this is not a signal but more ‘noise’ similar to the myriad counter trend mini-rallies we’ve seen. The reason the distinction is important is that all risky assets are correlated now thanks to the carry trade.<\/p>\n

Read more here.<\/a><\/p>\n

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