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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* If the dots don't connect, gather more dots until they do...or, just follow the $$$...





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Friday, March 15, 2013

Sparse Foreign Interest in U.S. Securities

Foreign interest in U.S. securities has been sparse and sporadic since mid-2011, as shown on the graph below. Data released today shows another monthly drop in foreign purchase of U.S. securities.

Inasmuch as "demand for domestic securities and currency demand are directly linked because foreigners must buy the domestic currency to purchase the nation's securities," one has to wonder how much longer the U.S. economy can continue to "recover" and at what pace without increased foreign interest...particularly as the SPX faces this potential scenario.

Meanwhile, the U.S. $ has dropped a bit today and is trading around a confluence of 60% Golden Fibonacci ratios, as shown on the Weekly chart below...one to watch for either a resumption of strength, or for further weakness...major support lies at 82.00.