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

USD

Discuss USD
 
cuban
Ireland
Posts: 10
14 years ago
Apr 16, 2010 0:40
said hope uve changed ur euros to gold/silver or ul wake up in 2012/13 with paper. joking lol
said
mulhouse, France
Posts: 2822
14 years ago
Apr 16, 2010 0:35
CUBAN
NO KIDING
PARITY WILL HAVE TO WAIT 2012 13
cuban
Ireland
Posts: 10
14 years ago
Apr 16, 2010 0:32
ashraf thanks for the reply. also thanks macro
i am calling now for parity eurusd in future. looking for rebound to 1.38,39,40 for short til 1.00 long term trade. i forsee germany leaving euro for mark and leaving the mess to everbody else because other eu countrys wil not have demand for germanys exports. so germany wil have no reason to play the game any longer. it will be one of the best plays i have ever seen by the germans. similar to china selling to the usa consumers for ages but germany have the exit. fed will b first to increase rates but not for a while.
yes race to the bottom in all currencys euro will arrive first. gold to the moon
any views ashraf, macro also xaron, catnip
macrosam
United States
Posts: 190
14 years ago
Apr 15, 2010 23:27
I still believe the USD is holding its uptrendline, back above the 50DMA, poor afterhours reaction to GOOG and AMD, GE and BAC report tomorrow, risk aversion or at least profit taking may in store
speculator
Posted Anonymously
14 years ago
Apr 15, 2010 21:19
ashraf, its seems like theres a lot of uncertainty now on the direction of USDx. I read on bloomberg some weeks ago that dollar had reached a highly bullish sentiment reading. cant remember the relative magnitude but to me it signalled that the dollars recent run had come to an end as there was little further room for more bullishness. But yes, dollar could do with some retreat before rallying further in to the summer in conjunction to FED tightening of some sort.

i think investors to some extent are now not believing in the dollar rally as fed havent done any recent tighening and greece rescue forming.

Fed is so smart, they are trying to keep credit market and dollar stable. Why would they want to increase their borrowing costs so soon..they just keep the market guessing which is bad for fx traders of course. but on the other hand they want to keep foreign treasury investors happy by preserving the dollars value by threatening to hike any time soon. Also, im sure they would be worried about a run on the dollar as its reservce status could become a potential reality. so they are just trying to have a balance it seems.
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 15, 2010 21:10
correction 11300 and change sorry no 1130

Ashraf
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 15, 2010 21:10
rim, the only viable resitance after 11K is 1130 is 61.8% retracement from all time high to March 2009 low.
rim
Turkey
Posts: 121
14 years ago
Apr 15, 2010 21:06
Dear Ashraf ,

Dow can rise more ? if yes where is the resistance accord. to you ?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Apr 15, 2010 20:51
cuban, good points. but if US data continues its gradual improvement and EU/IMF continues its 2 step forward 3 step backward tango, EURUSD may not rise aby farther.

Having said, USDX may be due for an interim retreat before another 2-3 month rally.

Some interesting patterns developing that maybe similar to 2005.

We shall see.

Ashraf
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Apr 15, 2010 18:39
It is not a contradiction manufacturing rises and jobless claims rise, too. So productivity rises.
But I wonder ... what manufacturing is up? Construction is down, Engineering services is down, energy equipment fueled with subsidies ... what is up? Purple pills pharma? Admittedly I have little knowledge of what manufacturing is comprised but my guess is it has something to do with production of some goods of trade that someone else is eager to buy. Is Windows 7 manufactured?