US Dollar May Rise on Pre-Positioning Before FOMC Minutes

US Dollar May Rise on Pre-Positioning Before FOMC Minutes

From dailyfx.com

The New Zealand Dollar underperformed in overnight trade, sliding as much as 0.5 percent against its top counterparts. The selloff comments from New Zealand Finance Minister Bill English, who said he agreed with a widely-circulated research piece from Stephen Jen of SLJ Macro Partners – a hedge fund – that argued the Kiwi was highly overvalued. English rejected Jen’s assertion that the island nation’s structural problems mirror those of Ireland in 2007 that ultimately pushed that country into an EU assistance program amid the Eurozone debt crisis. The Japanese Yen likewise faced selling pressure following the ... (full story)

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Post #1
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Feb 18, 2014 5:52pm Feb 18, 2014 5:52pm

Guest
| IP XX.XXX.219.177

BS!!

Post #2
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Feb 18, 2014 6:19pm Feb 18, 2014 6:19pm

Maso
| Joined Feb 2013 | Status: Member | 468 Comments

Absolutely not!

Post #3
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Feb 18, 2014 6:28pm Feb 18, 2014 6:28pm

Forexia
Joined Jun 2010 | Status: Member | 701 Comments

Is this a possible leak?

Post #4
Quote
Feb 18, 2014 9:43pm Feb 18, 2014 9:43pm

PaulAmbrose
| Joined Sep 2010 | Status: Member | 261 Comments

True story. . . . . US taper is the most powerful fundamental aspect of 2014 and has been forgotten in recent weeks.

Get ready folks!

Post #5
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Feb 19, 2014 2:40am Feb 19, 2014 2:40am

Guest
| IP XXX.XX.13.92

would be very bad if there is no tapering, the dollar will fall deeper and deeper. I think, Yellen would still choose tapering, you'll see

Post #6
Quote
Feb 19, 2014 2:46am Feb 19, 2014 2:46am

111ForexGuru
| Commercial Member | Joined Nov 2013 | 259 Comments

I am really surprised that 25% reduction of dollar printing has not had much effect on USD strength. Is this manipulation or is it really that markets are ignoring this fact because of gloomy US data releases.
I have been short for quite some time now on some long term trades (EURUSD,GBPUSD) and am still waiting for it to materialize.
Don't know whats in store for me .
Just need to be patient.

Post #7
Quote
Feb 19, 2014 3:52am Feb 19, 2014 3:52am

Guest
| IP XXX.XX.13.109

Quoting 111ForexGuru

Disliked

I am really surprised that 25% reduction of dollar printing has not had much effect on USD strength. Is this manipulation or is it really that markets are ignoring this fact because of gloomy US data releases.
I have been short for quite some time now on some long term trades (EURUSD,GBPUSD) and am still waiting for it to materialize.
Don't know whats in store for me .
Just need to be patient.

Ignored

agree with you Guru

Post #8
Quote
Feb 19, 2014 1:20pm Feb 19, 2014 1:20pm

ognen
| Joined Feb 2012 | Status: Member | 64 Comments

Dollar wil drop significantly, at least UJ will be around 100 for about 10 days.

Story Stats

Posted: Feb 18, 2014 5:16pm
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 8 / Views: 4,171
Linked event:
USD FOMC Meeting Minutes