US$ is now confirming that the bear phase is finished. To-day's employment numbers were quite strong at +260,000 new jobs. Traders shorted the US$ this morning after this news and bought Euro's, I guess they prefer the 11-12% unemployment, high taxes and no-growth policies of old Europe. They say that Bush is doing a lousy job by growing the U.S. economy at twice the rate found in Europe. This all smells of the Soros/Eurocrat/Iraqi unilateral quagmire short US$ cabal. IMHO the Asian economies are eating European jobs and growth potential at an alarming rate.
The A$ is on fire, IMHO heading into the 80's. This is very bad news for Australian golds/resources as it drives up mining costs considerably in US$. Am looking at the end of the Ides of March for discount bin specials. Industrial metals look on fire especially stuff like zinc,copper and iron.
Oil is still on fire although IMHO it is very overvalued at this stage. Gold on the other hand looks rangebound. There are press reports floating around that the U.S. is evaluating the bombing of terrorist sites in Syria and that might explain this mornings four dollar jump.
