Forum > View Topic (Article)
This thread was started in response to the Article:
Dollar Stability Choppy & Temporary
The dollar's much anticipated stabilization is bound to be choppy at best
Ashraf
I remember several weeks ago that the Canadian Central Bank said it didn't like strength of it's currency against the USD, and also said it could begin quantitative easing because the economy wasn't as strong as they'd expected. With the interest rate decision next week - do you feel those events will happen? But more importantly, if the dollar continues to fall across the board, do you think talk out the central bank will be enough to cause people to sell CAD (again, assuming the dollar is still falling hard)? Thanks for your opinion.
http://broadcast.ino.com/education/dollarindex714/
I think its bit tough for EUROUSD to show the target of 1.3500.If it break 1.4070 then the work will be even tougher for the market.
Regards,
Rajib.
If you want to make money in the next few weeks then you have to buy Yen and USD on dips,
GBP/USD target around 1.55. Euro/USD 1.35, AUS/USD 0.73
Dema
Why do I feel so pessimistic about the US dollar strength? Although I was one to call a short as well for AUD/USd..I am just not convinced about its strength against the Aussie and Euro.
Really interested to hear what the other traders are thinking?
It just seems like it may be a choppy, short lived move as there is so much uncertainty with the US currency itself..particularlly with the comments made in recent times.
Open to discussion
Ali
Ashraf
http://broadcast.ino.com/education/crudeoil78/?campaignid=3