The dollar bulls are back with a bang

The dollar bulls are back with a bang

From cnbc.com

Currency speculators have ramped up bets on the dollar strengthening against other currencies to their highest level in two months, the latest sign of bullish sentiment towards the U.S. currency making a comeback. The value of the dollar's net long position rose to $17.10 billion in the week ending November 19, up from $14.46 billion the previous week and the highest since the week ending September 10, data released from the Commodity Futures Trading Commission late on Friday showed. According to Kathy Lien, managing director at BK asset management in New York, speculators hold the largest amount of long-dollar, ... (full story)

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Comment #1
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Nov 25, 2013 3:07am Nov 25, 2013 3:07am

ForexRatVN
| Joined May 2010 | Status: Member | 46 Comments

The article mainly talks about Bull of USD against YEN, not others which is obviously seen so far.

What people here including me are looking to see the direction of other pairs like GBPUSD, AUDUSD,...

Personally, I predict the EURUSD will drop to 1.29 toward the end of this year... Let's see

Comment #2
Quote
Nov 25, 2013 3:24am Nov 25, 2013 3:24am

Jandre
| Joined Jul 2012 | Status: Member | 2 Comments

I'm short eur/usd, going to pyramid all the way down to 1.33 area. gl everyone

Comment #3
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Nov 25, 2013 3:27am Nov 25, 2013 3:27am

GreySkull
| Joined Oct 2008 | Status: Member | 9 Comments

I'm with you Jandre short EUR/USD, but question when it really goes down. Seems right now, EURO just cut their interest rate, but its going up, logically it should be down ...

Comment #4
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Nov 25, 2013 3:31am Nov 25, 2013 3:31am

Greener
| Joined Jan 2010 | Status: Member | 667 Comments

until they call dectapering off...FED is a joke remember

Comment #5
Quote
Nov 25, 2013 3:34am Nov 25, 2013 3:34am

osmo
| Joined Oct 2013 | Status: Member | 118 Comments

Quoting GreySkull

Disliked

I'm with you Jandre short EUR/USD, but question when it really goes down. Seems right now, EURO just cut their interest rate, but its going up, logically it should be down ...

Ignored

I'm sure it'll go down soon..

Comment #6
Quote
Nov 25, 2013 3:51am Nov 25, 2013 3:51am

Guest
| IP XXX.XXX.229.38

You guys, why don't you take Advantage of the Yen weakness instead shorting the Euro against the Dollar. You are making this game harder then it is.

Cheers, Sam

Comment #7
Quote
Nov 25, 2013 5:21am Nov 25, 2013 5:21am

Guest
| IP XXX.XX.204.48

i have seen the bullsh..but the bulls are gone

Story Stats

Posted: Nov 25, 2013 2:26am
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 7 / Views: 2,826