Dollar on the dive

Quoting DragonFire

Disliked

Indrek,

Tell me how cheaper USD is good for USA? Stocks increase 1% , USD falls 1.1%...unless I am missing something here...who will like to invest in USD...when the stocks and currency have inverse relationship

Ignored

I guess, there is answer included in your question. Cheap money is good for exports. Expensive stocks are attractive for investors who own businesses not just play and gamble at stock exchange. Traders do not add any value to economy, only real businesses do.
Every normal country is struggling right now to keep its money as cheap as possible. Eurozone is the only exception as ECB works for German interests mostly.

Oct 21, 2011 9:21am

Quoting Indrek

Disliked

Cheap dollar is good for US economy. I think USA does anything possible to keep it this way.
Expensive money is a real punishment. Like euro.

Ignored

Indrek,

Tell me how cheaper USD is good for USA? Stocks increase 1% , USD falls 1.1%...unless I am missing something here...who will like to invest in USD...when the stocks and currency have inverse relationship...upon all who does USA want to compete with who? China? forget it..Chinese yuan is like USD...move together in one direction....

Oct 21, 2011 11:18am

Quoting Guest

Disliked

Since Y2K, EUR/USD going up is perceived as normal and healthy. EUR/USD going down symbolizes a failure; not just Europe's failure, but a failure of the markets as a whole. Supported by FED's weak USD policy, the market has created a beast in the past decade.. a buy and hold investment vehicle that made almost 100% gain in a smooth trend between 2000 and 2008. The Dow made just mere 30% in that timespan. The Euro became a holy grail, guaranteed by the multi-government super stable Eurozone. The 1.60 landmark in the Euro is something similar like...

Ignored

good point here...I keep this in mind..EUR/USD has no logic to follow but by manipulation by big banks and central banks....i got dismembered this morning and close my SHORT at 1.3849...and will not SHORT until next week ...

Firstboss

Oct 21, 2011 1:27pm

Quoting Indrek

Disliked

Cheap dollar is good for US economy. I think USA does anything possible to keep it this way. Expensive money is a real punishment. Like euro.

Ignored

Cheap currency is beneficial only for economy that has real exports and has positive trade balance.
For the USA, cheap dollar means import oil will be a more expensive drag for economy, while stocking the wal-marts with chineese imports will be costlier

Taters

Oct 21, 2011 8:44am

riskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoffriskonriskoff

Patience

Oct 21, 2011 10:06am

Quoting Sanol

Disliked

yeah.. just wait for the france downgrade..

Ignored

I can't imagine that it will be much of a surprise to the market.

AaronWard

Oct 21, 2011 9:26am

USD goods become cheaper-- and the US's biggest trading partner is the EZ.
Euro goods become more expensive.

Indrek

Oct 21, 2011 9:15am

Cheap dollar is good for US economy. I think USA does anything possible to keep it this way.
Expensive money is a real punishment. Like euro.

Oct 21, 2011 8:21am

USD has melt down...sorry guys...somebody somewhere is punishing USD...

Oct 21, 2011 8:31am

Fed Governor Tarullo should just shut up his f**ky mouth...what are they going to say to those who have their investment in USD? killing dollar will indirectly affect investment inflow to USA...

ssshhhh

Oct 21, 2011 10:34am

Will it be like 2008? When the stock rose on hopes and when the bailout of George Bush was approved, the stock had fallen so much that let the circuit break on in all stock over the world?
I hope so, I'm sold. hehe

ThisPip

Oct 21, 2011 8:43am

Agree DragonFire, it is hard to believe the feeling for timing some pple like Tarullo have...

XxLessoxX

Oct 21, 2011 1:21pm

Quoting Guest

Disliked

Absolutely nothing, just currency war.

Ignored

War! what is it good for?

Firstboss

Oct 21, 2011 8:59am

Quoting hanifs

Disliked

Some great power out there is really determined not to let the USD strengthen at any cost.

Ignored

This great power is called common sense ;-)

TraderUSA

Oct 21, 2011 10:51am

They are trying to destroy the US by devalue dollar to trash. We have enemies from both ends, the enemy from within is more dangerous. Folks this is real currency war.

Sanguis

Oct 21, 2011 8:26am

I loaded up a purchase onto 70,04.

Sanguis

Oct 21, 2011 10:19am

There is a huge amount of small investor long USD/JPY, Az EUR/USD the short grows to one substance. The market starts for it first always generally where hurts the small investors the best..

Oct 21, 2011 8:49am

Quoting ThisPip

Disliked

Agree DragonFire, it is hard to believe the feeling for timing some pple like Tarullo have...

Ignored

This is all deliberate between central bankers. They know news from Europe is going to be negative this weekend so they say things which will squeeze out the shorts further. The last two weeks it's just algo trading with headline feeds. This is just sick...

blanco1958

Oct 21, 2011 9:08am

The private central bankers run the show.

Oct 21, 2011 8:16am

Some great power out there is really determined not to let the USD strengthen at any cost.

Oct 21, 2011 8:28am

The alternative short squeeze as hope has run dry in Europe ahead of the meeting.

Sanol

Oct 21, 2011 9:20am

yeah.. just wait for the france downgrade..

Oct 21, 2011 9:26am

Bernanke is devaluing the USD to boost stocks. Since US GDP is 70% consumer led, he thinks boosting stocks will make people feel the economy is doing well and for companies to hire.

amit kumar

Oct 21, 2011 9:30am

sell crude current level........heavy short fall seen there.

Trader#1523

Oct 21, 2011 9:45am

Quoting AaronWard

Disliked

USD goods become cheaper-- and the US's biggest trading partner is the EZ.
Euro goods become more expensive.

Ignored

this will then further hurt euro and bring the crisis even deeper with austerity being less effective and countries will have to harder time. more importantly not greece but spain n italy's failure.

Trader#5FE0

Oct 21, 2011 10:56am

Since Y2K, EUR/USD going up is perceived as normal and healthy. EUR/USD going down symbolizes a failure; not just Europe's failure, but a failure of the markets as a whole. Supported by FED's weak USD policy, the market has created a beast in the past decade.. a buy and hold investment vehicle that made almost 100% gain in a smooth trend between 2000 and 2008. The Dow made just mere 30% in that timespan. The Euro became a holy grail, guaranteed by the multi-government super stable Eurozone. The 1.60 landmark in the Euro is something similar like the 14K in the Dow. The world is absolutely convinced that if everything goes ok, the holy Euro will certainly revisit its 2008 highs and creep to the sky till the end of the universe. Or - alternatively - till the exaggerated rate makes the Germans quit. Until one of these two things happen, the banks will keep on buying it, screwing the smaller fish who listen to the news and try to trade "logically". From time to time, they let it drop. They may even let it drop hard on some extremely bad news, but only to buy the bottoms again and re-prop it using the same news with a different interpretation.

Trader#8ADF

Oct 21, 2011 12:51pm

Absolutely nothing, just currency war.

Quoting TraderUSA

Disliked

They are trying to destroy the US by devalue dollar to trash. We have enemies from both ends, the enemy from within is more dangerous. Folks this is real currency war.

Ignored

DragonEye

Oct 22, 2011 1:20am

I am staring at EUR/USD month (weelk, day) chart and see nothing special. Swing high, swing low. God bless TA and common sense.

Trader#1EB2

Oct 21, 2011 11:59am