{"id":15636,"date":"2012-08-07T10:35:10","date_gmt":"2012-08-07T14:35:10","guid":{"rendered":"http:\/\/www.ino.com\/blog\/?p=15636"},"modified":"2012-08-07T10:35:10","modified_gmt":"2012-08-07T14:35:10","slug":"quick-take-on-usd","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2012\/08\/quick-take-on-usd\/","title":{"rendered":"Quick Take on USD"},"content":{"rendered":"<p>Global rally potential is all about arresting the deflation case for a counter trend expression of bullishness. Some of my inflationist friends will disagree, but I believe that the deflationary condition is the dominant backdrop (periodically fought by inflationary policy making) and that the admittedly valueless USD can see future upside.<\/p>\n<p>There will be plenty more to write on this as the herds hiding in USD begin to come out and play with the asset market bulls. Because as usual, we\u2019ll begin highlighting what might come next well ahead of time.<!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"\/img\/sites\/ino\/email\/4659.jpg\" alt=\"\" width=\"841\" height=\"797\" \/><\/p>\n<p>USD made a higher high in July while being negatively diverged by MACD and RSI. The sensitive CCI is now over sold with RSI at a support zone and with USD at the 50 day moving averages, a bounce can happen shortly.<\/p>\n<p>But the 80 area should be respected. One can envision the global rally lasting as long as it takes USD to test the rising 200 day moving averages (red), which happen to coincide with a support area. The upturned moving averages paint any decline as <span style=\"text-decoration: underline;\">counter trend<\/span>.<\/p>\n<p>By Gary Tanashian<br \/>\n<a href=\"http:\/\/www.biiwii.blogspot.com\/\">http:\/\/www.biiwii.blogspot.com<\/a><br \/>\n<a href=\"http:\/\/www.biiwii.com\/analysis.htm\">http:\/\/www.biiwii.com\/analysis.htm<\/a><\/p>\n<p><a href=\"http:\/\/www.biiwii.com\/NFTRH\/subscribe.htm\">Subscribe to NFTRH<\/a> or<br \/>\n<a href=\"http:\/\/www.biiwii.com\/NFTRH\/eletter.htm\">Subscribe to the free eLetter<\/a><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Global rally potential is all about arresting the deflation case for a counter trend expression of bullishness. Some of my inflationist friends will disagree, but I believe that the deflationary condition is the dominant backdrop (periodically fought by inflationary policy making) and that the admittedly valueless USD can see future upside. There will be plenty [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4272,1840,4273,7948],"class_list":["post-15636","post","type-post","status-publish","format-standard","hentry","category-general","tag-biiwii-blogspot-com","tag-biiwiicom","tag-gary-tanashian","tag-guest-bloggers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Quick Take on USD  - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wwwtest.ino.com\/blog\/2012\/08\/quick-take-on-usd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quick Take on USD  - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"Global rally potential is all about arresting the deflation case for a counter trend expression of bullishness. Some of my inflationist friends will disagree, but I believe that the deflationary condition is the dominant backdrop (periodically fought by inflationary policy making) and that the admittedly valueless USD can see future upside. 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