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  • Bernanke: Clarifying QE timeline may have averted confusion

    From fxbriefs.com

    Unemployment rate of 7.6% overstates health of labor market; Fed missing on both side of dual mandate; Highly accommodative monetary policy is appropriate for foreseeable future; Could be after US unemployment rate could hit 6.5% well before Fed hikes rates; Fed policy to remain highly accommodative; Economic positives: Housing, autos, state of household balance sheets, house and asset prices firmer, economy creating jobs in the face of fiscal headwinds, improved banking system; Risks to watch: Early to say we’ve weathered fiscal restraint, very low inflation rate- committed to defending inflation target from the ... (full story)

??????????
USD down
LOL Market moved like crazy
  •  Guest
  • | IP XXX.XXX.167.19
finally...
Ben want dollar down
Woooooow, the second time market get crazy today. That's insane.
They are afraid of higher yields
  •  Guest
  • | IP XXX.XX.41.164
monetary policy = increase money supply = inflation = market rally weaken the usd
$ going downnnnnnnnnnnnnnnnn
Printing money - good job for ben
as said in early speech...green will weaken.....
oh Ben just said dollar is okay,not falling,that's mean he want stronger dollar
YEN not moved at all...what a sH*ttt japon.....
  •  Guest
  • | IP XXX.XX.41.136
damn missed the movement. ah well i will just earn from the retracement then
This Ben and that yen ! Well done.
  •  Guest
  • | IP XXX.XXX.64.168
From yesterday it shows a buy signal for EUR against USD, that is call 220 pips until now, that is good I will close half of my positions in 1.3065, and I HOPE IT WILL KEEP RALLY UNTILL 1.3165 ACCORDING TO MY ANALYSIS.
Quoting safdarhashmi
oh Ben just said dollar is okay,not falling,that's mean he want stronger dollar
Then he is gonna have to print his own - market is selling the normal stuff like orange jucie in the tropical heat and they plan to keep selling it may be till year end. what a laugh. Nice one
  •  Guest
  • | IP XX.XXX.112.7
Price of crude rose to 106 from 100 in less than 2 wks but there is low inflation. Right. Bernanke needs to stop lying.
  •  Guest
  • | IP XXX.XXX.159.101
Averted Confusion or caused Confusion ?
woow good job uncle ben....
go for weaken USD
weaken means raising import = income for people....great nationality ben...LOL
  •  Guest
  • | IP X.XX.108.155
USD heading south
I'd say your buy on dip chance is HERE.
All data releases in the pass two weeks were good on dollar.

Dollar bulls are just fleeting and profit taking from this statement. US economy has been healthy for awhile not based on its recent NFP, Housing, manufacturing and etc.

Say, would be well above 100 in the next a few days.
More than a hobby. Never a game. US Client at 1:50.
This world is crazy, its official.
One sentence of one man and all currencies are jumping like frogs.
Quoting jimmij
This world is crazy, its official.
One sentence of one man and all currencies are jumping like frogs.
How about that chaos caused by that one twit months ago? Forgot?
More than a hobby. Never a game. US Client at 1:50.
Quoting Loadedgun
Then he is gonna have to print his own - market is selling the normal stuff like orange jucie in the tropical heat and they plan to keep selling it may be till year end. what a laugh. Nice one
Lol!!! ;-)
Looks like we may have the start of some major trend changes on GU, EU, AU. Bernanke just derailed the $'s rally. We'll find out in the next few days, looks like some trendline are starting to break.

Go back to April 4th on the E/U daily chart....today's bullish candle looks very similiar and could be the start of a euro rally. Time will tell. Happy Trading!
Quoting jimmij
This world is crazy, its official.
One sentence of one man and all currencies are jumping like frogs.
No it is the latest box office hit - titled the vengeance of the Euro starring Dranghi. What a laugh Nice one
Quoting Guest
Averted Confusion or caused Confusion ?
Both depending on what you smoke. Nice one
Quoting PA is King
Looks like we may have the start of some major trend changes on GU, EU, AU.
And what about USDCHF? It was just crushed today.
Soros just made a @#$%^$#@@ load of money and who is behind Obama??? Soros! This was planned to rip the market one way only to rip the opposite way shortly there after. Anyone remember back in the spring of '09? Market rip on a comment only to be reversed 10 minutes later. Huge swing in dollar.
  •  Guest
  • | IP XX.XXX.205.177
NEXT mr. Kuroda
  •  Guest
  • | IP XX.XXX.67.52
south south south$$$ but watch it guys
Draghi Speech = Euro Down

Bernake Speech = Dollar Down ,both are Universal Forex Rules ?
Nice USD weakened again
Bernanke is Bernanke
Talking beard. I was positioning myself to buy USD across the board but luckily I was listening to the press conference too.
  •  Guest
  • | IP XX.XX.126.143
Can anyone please explain what changed between US stocks tanking last night shortly after Bernanke speech and this morning when Asian stocks and US stock futures are flying up?

http://www.bloomberg.com/news/2013-07-10/u-s-futures-jump-on-bernanke-as-dollar-slumps-oil-gains.html

It is inexplicable as far as I am concerned ... would appreciate a response.
  •  Guest
  • | IP XX.XX.126.143
sorry, "Bernanke speech" above should read FOMC minutes
  •  Guest
  • | IP XX.XXX.113.214
Quoting Loadedgun
Then he is gonna have to print his own - market is selling the normal stuff like orange jucie in the tropical heat and they plan to keep selling it may be till year end. what a laugh. Nice one

According to your expert chaos theory - I thought you don't care what Bernanke or Dragh says. What a double standard.
  •  Guest
  • | IP XXX.XXX.150.47
Where do the technical traders skulk off to when you witness significant event driven moves? Will they ever get it?


Quoting Guest
According to your expert chaos theory - I thought you don't care what Bernanke or Dragh says. What a double standard.
yes loaded gun is loaded crap
Quoting Guest
Where do the technical traders skulk off to when you witness significant event driven moves? Will they ever get it?
So I should not have fun as a result - see your shrink man cause you must have issues to be this dumb What a mutt
Hi Loadedgun,
Thanks a lot for your yesterday analysis. I'm having very few knowledge on Forex. But I’ve read almost every comments of you and several times your analysis helps me a lot to realize the market trend. Hat’s off to you.
Do you think the EURUSD will touch 1.37 next? Thanks in advance.
  •  Guest
  • | IP XXX.XXX.150.47
Bernanke holds court, stocks rally, whilst the dollar slumps on the belief that QE will now not be tapered in the short term. His "highly accommodative" words being the clue.

Correct me if I'm wrong, but I didn't note Bernanke pulling up a daily chart of cable during his press conference showing how the dollar was going to fall using Fibonacci ;-)

Quoting PaulAmbrose
yes loaded gun is loaded crap
  •  Guest
  • | IP XXX.XXX.4.25
What US say is not important, because all things were already reflected in the chart before he say anthing, like the bull triangle which break 100 in USDJPY before, and this time, the wedges in both USDJPY and AUDUSD, and also the inverted H&S or symmetric triangle or WEDGES last time he said things
Indeed, despite all the recent fundamental policy statements and news events driving the market, it's those crayon squiggles on waste paper that move the markets. I'm past despairing at the ignorance, apparently many technical traders spotted the likes of cable and fibre's trend reversal yesterday before it happened due to tech analysis. I'm past feeling embarrassed for them, I'm past pity, they're hopeless and helpless in equal measures.

Quoting Guest
Bernanke holds court, stocks rally, whilst the dollar slumps on the belief that QE will now not be tapered in the short term. His "highly accommodative" words being the clue.

Correct me if I'm wrong, but I didn't note Bernanke pulling up a daily chart of cable during his press conference showing how the dollar was going to fall using Fibonacci ;-)
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Loadedgun
But take your argument on its head - how would you know to anticipate the market by fundamental analysis? Given that you would not either and still need to enter a trade - how would you do that? Or even if you did not anticipate the market and simply reacted after the fact of a decision you would still have to enter a trade would you not? How would you do it?

The point being in the end we are all technical traders in the sense that technicals merely reflect trade entry, management and exit decision making in the main. Do you have any disciplines...

It is simpel, you mix both technical and fundamental. For some it is just a luck that yesterday statement was so dovish, if not we would already see below 1.2750.

However mixing fundamental dovish statement, technical levels and some other less important circumstances was easy to deduce which way to go
Quoting Kuba
However mixing fundamental dovish statement, technical levels and some other less important circumstances was easy to deduce which way to go
Which is the same as saying I am correct is it not? That you do not need fundamentals at all since it tells you nothing that watching technical levels and monitoring sentiment over your desired range of trade does not. Indeed, mixing up with fundamentals can be fairly idiotic. Since it causes you hesitancy on scale and at a frequency inimical to trading success. For instance the Euro is falling - on the news that USA Employment claims are worse than expected. Traded on fundamental logic - such instances will surely leave the trader sitting in some poor house in the future wishing he had more sense. Nice One!
Quoting Loadedgun
Which is the same as saying I am correct is it not? That you do not need fundamentals at all since it tells you nothing that watching technical levels and monitoring sentiment over your desired range of trade does not. Indeed, mixing up with fundamentals can be fairly idiotic. Since it causes you hesitancy on scale and at a frequency inimical to trading success. For instance the Euro is falling - on the news that USA Employment claims are worse than expected. Traded on fundamental logic - such instances will surely leave the trader sitting in some...

You dont get the point, especally when you refer to inemployment claims (which is not as important as many thinks). Probablly you dont know how to analys fundamentallyy. Yes, I agree partialy with you. But still yesterday it was coincidence that everything went up due to statement. Regarding chaos theory it is well known as other technical theories, so dont treat it as a holy grail. Nice one
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