Forcing the yuan to revalue.

A stronger Chinese yuan will eventually hurt US exporters and cost US consumers more, said two US foreign exchange experts in an article published Tuesday by the US Foreign Policy journal.
Their comments came as Washington politicians are raising pressure on China to strengthen its currency.
"The escalating calls for China to re-balance its currency are based on deeply-flawed assumptions and will only make Americans pay more for their favorite products -- like iPhones," said Dan Newman, an economist in Seattle, and Frank Newman, former deputy secretary of the US Treasury.
In the article titled "Hands Off the Yuan", the two experts said the notion that a stronger yuan against the US dollar would boost the US domestic production and reduce the US trade imbalance is based on wrong assumptions.
By imposing a 27.5-percent tax on Chinese products imported into the United States,the American consumers will have to pay even more in the event of the yuan's appreciation.
Increasing the value of the yuan does not increase US exports by making them cheaper abroad. If the yuan rises in value, it does not spur Germans to start driving Fords.

The Dow on Wednesday 17/3/10 is 2 market days to index/options expiry.
Asian futures expire 31/3/10
9:30am:--Bullish 30.0 points gap-up.

10:30am:--Session pullback to bull pivot.

11:30am:--New morning high followed by graveyard doji.

12:30noon:--Pullback to bull pivot,bullish dragonfly doji.

1:30pm:--Spike up to another high with a bearish shooting star.

2:30pm:--Bears at double top.

3:30pm:--Spike down to bear pivot.High volatilty due to roll over of futres contract prior to expiry day normally happens 3 days before.

4:00pm:--Retrace to the MAV,a small hangman pairing.

Wednesday's candlestick position has found a new high with an inverted bullish hammer.The strength of the bulls are unquestionable.Seems to be a breakaway summer bull ready for a new race.

The bulls are satisfactory reacted to the latest FOMC policy statement, which aims to keep targeted interest rates at exceptionally low levels for an extended period of time.

The Producer prices for February fell 0.6%, which was a sharper drop than expected.