Commerzbank says USD back to funding currency. Pounding table for 1.47 Eur. Far cry from the 1..45 "cap" I read in these parts, and the 1.4200 Eur call for today.
Not many happy faces here. You all appear stunned by what has transpired. I called it all out for you here regarding what the European market would do. They do this EVERY day-sell usd. But you all never learn.
Up, up and away for eur, gbp, chf, cad, jpy against the dollar.
Whose going to stand in front of this freight-train inertia spanking of usd.
Even Ashraf has tweeted to not short eur/usd before 1.4580. Still waiting for that 1.4200 call for today to come to fruition.
This USD selloff is something to behold. Even the trashy gBP. I sincerely hope not too many of you got caught the wrong way of this move due to the excessive bullishness I have been reading here lately regarding uSD.
You are all learning a stiff lesson regarding blind faith in a pide piper who just led you all over a cliff.
The next shoe to fall is the swiss cheese usd/jpy crashing through the 92.20 "support"!
Here we go. Over the next four hours the eur, gbp, aud, nzd, etc will grind higher and higher against Usd. There will nary be a down tick. U will not see sub 1.45 in eur or sub-1.61 in gbp in quite a while!
It is now BLAST OFF time for usd decimation as Europe is fully open now, and trading off lame U.S. NFP on Friday.! Get ready for the running of the bulls, er, stops!
Allow me to update what's going on. The SNB intervened against ther Eur. This has cascaded down to USD rally/risk off. Hope you all aren't still short Usd/Chf, lol! Getting crushed you are!
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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1.4530 and ripping higher...
I feel for ya Karan, and everyone else here...
Finally someone who sees through the forest and tells it like it is. The ONLY CAP on Usd is its status as a funding currency!
Ashraf's call last week for Eur was 1.4200 today. He came out today and stated 1.45 upside cap on eur. Eur has already blasted through that cap.
EVERY other service is poundin the table for every other major against Usd. The entire world is selling Usd, except for these parts.
Why I ask? Why know updates?
I wouldn't be surprised if Ashraf himself closed all long usd positions heading into NFP last Friday.
Up, up and away for eur, gbp, chf, cad, jpy against the dollar.
Whose going to stand in front of this freight-train inertia spanking of usd.
Even Ashraf has tweeted to not short eur/usd before 1.4580. Still waiting for that 1.4200 call for today to come to fruition.
You are all learning a stiff lesson regarding blind faith in a pide piper who just led you all over a cliff.
The next shoe to fall is the swiss cheese usd/jpy crashing through the 92.20 "support"!