• 679 days Will The ECB Continue To Hike Rates?
  • 679 days Forbes: Aramco Remains Largest Company In The Middle East
  • 681 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,081 days Could Crypto Overtake Traditional Investment?
  • 1,086 days Americans Still Quitting Jobs At Record Pace
  • 1,088 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,091 days Is The Dollar Too Strong?
  • 1,091 days Big Tech Disappoints Investors on Earnings Calls
  • 1,092 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,094 days China Is Quietly Trying To Distance Itself From Russia
  • 1,094 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,098 days Crypto Investors Won Big In 2021
  • 1,098 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,099 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,101 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,102 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,105 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,106 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,106 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,108 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Boris Chikvashvili

Boris Chikvashvili

Boris Chikvashvili was supposed to be a theoretical physicist (Russia+Jerusalem Hebrew University, MS Physics, with distinction, toyed with QUARKS). Somewhere on the road to PHD…

Contact Author

  1. Home
  2. Markets
  3. Other

Shekels on Dollar


Larger Image


Larger Image

Dear Readers (especially Israeli Readers), Since Dec 2006? our target for SHEKEL was 3.78 Dollars Per Shekel. Congrats, we have arrived. As I write this post Shekel Stands Exactly at 3.78! Now, we expect the SHEKEL to have some more strength and TOP at 3.50 - 370 area within two weeks of JEWISH PASSOVER April 21 2008. This was the time aimed initially as well. Shekel will decline for 2-3 years thereafter with inital target 4.50(2009) and 4.80(2012). TA-100 will suffer considerably as foreigners start taking their money home, but could be helped later by weak SHEKEL.

Decouple This!
All Readers, implications of this are worldwide, why? Israel, like all other near developed countries benefited from low Dollar and capital inflows were high. That is about to END, and the world can not shrug off the economy consuming close to 1/4 of world GDP. When America dives, Everyone will dive with it. All who call for BRIC decoupling from USA are nuts! Another implication this has is that Dollar, while turning, will/can not honestly take off till April 2008.

Start your morning at this Grouptation updated (thanks Ivan) Link, put it in your favorite list for asset oscillators (MSFT EXCEL is required, Contains GOLD,ENERGY,SP500,NDX100,URANIUMS,DOLLAR,REITS,BANKS,PIPELINES etc. We build oscillators on over 70 different groups).

Visit us for more detailed Intraday Market projections and commentary at http://borisc.blogspot.com It is all FREE, for the great 12 Century Poet and Philosopher SHOTA RUSTAVELY said "YOU FIND WHAT YOU GIVE, ALL ELSE IS LOST"

 

Back to homepage

Leave a comment

Leave a comment