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

USD

Discuss USD
 
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jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 2, 2011 5:35
so its official now US$ is not dead!..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 2, 2011 4:09
obama to announce the death of osama bid ladin..im sure trump will question the authenticity of such a document..hehe:) gl guys:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 2, 2011 1:11
no crystal ball confirmations on 4h.. maybe the next candle or maybe not!?.. be watching DX fight around 73 closely..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 2, 2011 0:00
Dont want to sound like a broken record, but US$ might not be all that dead.. wholesalers buying early this week.. maybe its just start of the month stuff.. But it could more to this.. Will post more when crystal ball confirms latest 4h..
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 29, 2011 21:25
woow just looking over next weeks data releases,,usdx could be in some serious trouble which i think is going to happen looks like usdx will see 70 real soon ok gl guys:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 28, 2011 1:26
if current trends continue my back of envelope calculation shows that 73 in DX would approximate 1.49 level in EUR ..
jacek
Australia
Posted Anonymously
13 years ago
Apr 28, 2011 1:00
Have I missed the party?.. monster green 4h candles in all charts against US$.. capitulation in progress.. does anyone still have any US$ to sell? big picture DX monthly still offers some hope for a reversal in May if above 73.. "sell in May and go away" might also provide some support..
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 27, 2011 18:17
MNI FX Bullets' on changes in FOMC statement:

12:32 04/27
FED-early FOMC stmt: No change in $600b QE2 thru June or rates (FF still
targeted 0-1/4%), keeps 'extended pd' and will 'reg review' portfolio.
Language alterations say labor mkt 'improving gradually' but drops econ
on 'firmer footing' - now says recovery 'proceeding at mod pace.'

Again mentions commods/oil but not Japan; adds a bit more talk on inflation
('has picked up') but expects rise 'to be transitory'. Will pay close
attention to infl/expectations, and sees underlying infl as 'still
subdued'. Unemployment 'remains elevated'. Fed will continue to monitor
outlook. Vote 10-0.

Ashraf
usikpa
Moscow, Russia
Posts: 77
13 years ago
Apr 27, 2011 18:04
Ashraf

Just interested to learn your view why there have been no dissenters, and why "extended period" has been retained while "inflation" mentioned 11 times?
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Apr 26, 2011 22:14
Yeah, DX weekly showing downtrend continuing in a large wedge pattern, ie. price ranges contracting, whereas daily now showing megaphone pattern, ie. lower lows and higher highs.. this is a clear price action to me, so view it as a broken watch or not, but it might be that time of the day to take a bet on cycle changing..
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