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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 2338
Posted: Feb 22, 2010 5:00
Comments: 2338
Forum Topic:
USD
Discuss USD
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
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.
what has been fold will be unfold.
wise street.
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