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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:

USD

Discuss USD
 
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chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 7, 2011 15:18
appears us gov cant reach a deal on budget..what effects does this have on risk on/off an usdx ?thanks gl:)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 7, 2011 1:52
daveo..have u done a tech workup on usdx..?just reading edmatts comments that hes expecting a final spike down to 73.28(cwave-b4 major reversal)...that would be very a interesting move..gl/gt:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 6, 2011 10:57
James Bullard looks to be my kinda man. Shame he is not a voting member. An awful lot of commentary from all the fed dudes recently and this is what Bullard just said.

"In the past, the Fed hasnt explained itself well. Were trying to do a better job of communicating.

Catonip, I am not at all convinced that you are our old catnip. Please prove your validity.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Apr 5, 2011 19:55
anyway FOMC had no direct hint to QE3 but didn't render it impossible as inflation spike transitory ... i.e. will be gone with the wind some time later... UST yields up despite US treasury
averts selling more debt not to bang head on debt ceiling.
Devoid of hints it hangs now on Trichet ... what if he takes a sick leave ?
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 5, 2011 19:43
jim crammer on tv saying that imf could be @ the feds door step 4-5yrs if fed dont get it together..ant truth to it??thanks gl:)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 5, 2011 19:07
lol(dovish fomc) always count on fed to kick usdx where it hurts ...not adding anything will look 2cover positions and go flat:(..lol gl guys:)
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 5, 2011 18:35
Tightening policy in China, attempts of restrictive fiscal policies in the US and another credit downgrade on Portugal do not stand in the way of the soaring markets as long as the risk trade is financed by a falling US dollar (courtesy of an immobile Fed) and a falling yen (courtesy of seasonal post-FY Jpns outflows).

The 4th Chinese rate hike (3.25% lending rate and 6.31% borrowing rate) is understood to tackle further inflation gains, with a high profile 7.2% in food inflation. Neither did 9.99% on 10-year Portuguese yields could maintain a lasting dent on risk appetite. With USDJPY nearing the 85 yen level and USD weakness having the last word in a volatile intraday session, traders continue to see upside in EURJPY (120.70s) and an opportunity for 139 in GBPJPY (for those who are quick on the trigger in the event that BoE raise rates). Unlike the BoE, which does NOT publish a statement after the policy decision, the ECB will use the 30 mins press conference to explain its Thursday decision, which could be delivered in such a way to TEMPER anticipations of further rate hikes and rein in excessive EUR strength. AL

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 5, 2011 12:46
Must admit although I despise QE from any country I cannot help but admire Big Ben. After all he inherited the almighty mess from years of incompetant govnmt puppet Greenspan. What was he to do with the mother of all financial colapses on his watch.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Apr 5, 2011 12:42
@abundance, your link is broken but bear in mind these CBers are masters at psychological warfare. They talk traders into doing what they want them to do. Traders are most times their puppets. Bernanke has no intention of raising rates. He has other tools first. Big TOOL man.
abundance
Singapore, Singapore
Posts: 27
13 years ago
Apr 5, 2011 6:13
Bernanke hints at rate rises: seehttp://www.arabianmoney.net/gold-silver/2011/04/05/bernanke-hints-at-rate-rises-while-geithner-says-credit-running-out/
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