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

USD

Discuss USD
 
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said
mulhouse, France
Posts: 2822
13 years ago
Nov 4, 2010 20:15
your spectre of 74 is reachable at first quarter 11
but as i say since two weeks or more 1.45 plays resistance
after all its only money.
any satelite other the head and its bach
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 4, 2010 20:09
Given co-devaluation of the currencies in the USDx basket the USDx must stay near constant
76 . In simpler terms, one cannot trade a USDx member vs USD expecting big swings.
The FED liquidity does not appear as tradeable currency in fx markets.
This is why I keep scratching my head why should one sell off USD for WHAT?
For UST perhaps, for stocks, for commodities, but not for currencies. Selling USD for an USDx currency is basically a short lived hedge.
The start of the US dollar index is March 1973. This is when the worlds biggest nations met in Washington D.C. and all agreed to allow their currencies to float freely against each.
With co-devaluation the free floating of EUR JPY GBP CAD CHF SEK against each is basically over. This is why rate decisions core inflation figures,asset purchase facilities temporarily cause
tradeable imbalances within co-devaluation.
Eventually fx markets may dry up.


INGbalek
Trencin, Slovakia
Posts: 120
13 years ago
Nov 4, 2010 19:34
technically...usdx will retrace 77,mid 77s and then fall to 74...at least
said
mulhouse, France
Posts: 2822
13 years ago
Nov 4, 2010 19:11
i repeat
what has been fold will be unfold.

wise street.
DaveO
UK
Posted Anonymously
13 years ago
Nov 4, 2010 14:25
Reps did not quite win the upper house = fed still in power. Bernanke quantified months of procrastination without having to dilute QE2. Hardly surprising DX continues down.
jamshed
Pakistan
Posts: 57
13 years ago
Nov 4, 2010 12:27

Shouda happended, Coulda happened, Woulda happened
YadaYda

Guys - Bernanke is hell bent on printing money
the vote was 10-1
who in their right mind would be saying that all this points to Dollar strength

Dollar is going down some more
dont loose your hard earned cash

eveything right now is about competitive devaluation
the Japs, the Fed, the BoE, the Swiss
and even if ECB does not directly, Merkel and Sarko will brew up something for Ireland or Greece etc etc

the Japs and Bernanke are the most triger happy folks right now,
and both of them result in indirect appreciation of the Euro

Play with the FED, and you may win some
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Nov 4, 2010 12:12
once again every1 is helping out to keep usd cheap the theme hasn;t changed shaeme on me for thinkn usd will get stronger when the whole time ive been say the fed will not let the usd get stronger any time soon..china not stepping in,uk doing nothing eru doin nothing,this is the first trade that has gone against me in a long time but im starting to think its gonna start to hurt if things don;t turn around:(gl guys(mayb i should use stops lol)
Qingyu
manchester, UK
Posts: 1763
13 years ago
Nov 4, 2010 11:28
imo qe is purely currency war.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 4, 2010 10:54
It appears that QE ( not the part of it, QE lite ) is to boost stocks. To stoke inflation as it is assumed that profits from stock selling is invested into consumer stuff, housing etc. If that doesn't work ... you will see USDx rising and rising.
catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Nov 4, 2010 10:29
USDx WILL stabilize at 76
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