Ashraf's Book: Currency Trading and Intermarket Analysis

Qin, I tend to agree. Actually I don't see any signs why the Dollar should show strengths. Actually this reminds me to the british pound which was a leading world currency as well decades ago. Look where it's now. This is no overnight process but I think the Dollar will continue to devalue, actually the US has no other choice than to let it devalue because the only alternative to finance the debts (and to attract enough foreign capital) would be double digit interest rates. And that's a no go currently.

I continue to buy the dips in the Euro and Aussie.

Tak sa mycket! :)

speculator, There is no word which is logic from your comment.........
By the way, I have said many times, I encourage you to buy US bonds and keep it for years as you said it has bottomed......you should believe yourself that USD may start rally from here for years, it will be a very good investment for you........

usd has completed its bottoming process for now and will only start to resume downturn once global unemployment starts to strongly fall and inflation kicks in. i dont see this happening to soon. the market has probably already priced in all the negatives about the us economy in the summer.

since there is little media talk about dollar replacement for now, the dollar will be supported. there are also few significant signs that foreigners are not supporting us debt. unemployment will continue to rise which should be dollar bullish or at worst supporte current levels.

however i am far more bearish for cable than general bullish for dollar.

speculator,
would you like to tell me which bank you are working in??

you think that people and all the central banks will ignore the constantly growing up US debts and everyone favorite on USD. Everyone want to lend money to USA, because they always can return the money by just printing........

Are you valuing the currency by technical analyst ??? just draw some lines and point out that there is a reverse, because it just has been devalued for so many years??

What makes you think that USD has already reached bottom and will bull back from here?

I would like to learn from your trading indeed....