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  • White House economic adviser Furman: Strong USD is headwind for US growth

  • #1
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  • Mar 10, 2015 8:46am Mar 10, 2015 8:46am
Here we go !!!
  • #2
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  • Mar 10, 2015 8:47am Mar 10, 2015 8:47am
Thank you very much!!!!!!!!
The Market pays you to be disciplined
  • #3
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  • Mar 10, 2015 8:48am Mar 10, 2015 8:48am
So, is it good or bad for USD?
http://www.quickmeme.com/img/87/8713a478429a1e7bb3f64b37b381c9820de636787e04c18b8455dd1e85796811.jpg
  • #4
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  • Mar 10, 2015 8:49am Mar 10, 2015 8:49am
  •  Trader#C9B7
  • | Status: Unregistered Trader
So?
  • #5
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  • Mar 10, 2015 8:50am Mar 10, 2015 8:50am
Yeah, way to go! Sate the obvious for all currencies. And say it like 5 years late. Thanks, Mr. I got my MBA online.
hope for the best and expect the worst.
  • #6
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  • Mar 10, 2015 8:51am Mar 10, 2015 8:51am
  •  Trader#FA26
  • | Status: Unregistered Trader
Only now they noticed it?! I stopped buying things from Ebay USA since February because of the high value USD has versus the Euro. I know lot's of my friends also did it.
  • #7
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  • Mar 10, 2015 8:51am Mar 10, 2015 8:51am
Quoting agapetos
So, is it good or bad for USD?
http://www.quickmeme.com/img/87/8713...1e85796811.jpg

It means nothing, just another fart
  • #8
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  • Mar 10, 2015 8:55am Mar 10, 2015 8:55am
The Whitehouse is just saying this because they are against the individual American. Strong dollar is the FED mandate, and the best for the individual...maybe not for the banks, but who cares about them?
Too close for pips, switching to points.
  • #9
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  • Mar 10, 2015 8:56am Mar 10, 2015 8:56am
Id did jolt the price a bit - but not significantly. Why would they put the "high impact news" marker on that?
  • #10
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  • Mar 10, 2015 8:57am Mar 10, 2015 8:57am
Headwind useful for aircraft. Tailwind - useful for ship sails. US - what's this?
  • #11
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  • Mar 10, 2015 8:57am Mar 10, 2015 8:57am
But he also fogot to say that a strong dollar also makes thing cheaper, like oil. But I guess he thinks everyone knows that .... laff!
hope for the best and expect the worst.
  • #12
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  • Mar 10, 2015 8:58am Mar 10, 2015 8:58am
One thing I have learnt in last 10 years of trading, Dont believe everything you read from banks and politicians...
Never chase the market
  • #13
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  • Mar 10, 2015 9:05am Mar 10, 2015 9:05am
Quoting XXiXX
One thing I have learnt in last 10 years of trading, Dont believe everything you read from banks and politicians...
110% true ....
Re-Incarnated
  • #14
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  • Mar 10, 2015 9:12am Mar 10, 2015 9:12am
A**holes trying to drive the market as per their willing
You cannot learn better without losing
  • #15
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  • Mar 10, 2015 9:14am Mar 10, 2015 9:14am
what is Fxtyrant saying about this?
Return of the King
  • #16
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  • Mar 10, 2015 9:16am Mar 10, 2015 9:16am
Breaking news: Gravity - a strong detrimental influence on people jumping out of windows!
  • #17
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  • Mar 10, 2015 9:18am Mar 10, 2015 9:18am
Another rumors or speculation I think...
MAKE SURE you still can TRADE tomorrow
  • #18
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  • Mar 10, 2015 9:21am Mar 10, 2015 9:21am
If you want to believe what banksters say, look at 2015-01-15 any chf pair... and think about that...
  • #19
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  • Mar 10, 2015 9:28am Mar 10, 2015 9:28am
But I still hold to the USD of course
MAKE SURE you still can TRADE tomorrow
  • #20
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  • Mar 10, 2015 9:28am Mar 10, 2015 9:28am
Quoting alexpi
Breaking news: Gravity - a strong detrimental influence on people jumping out of windows!

LOL !! Good one!!
Luck has no place in trading. Leave that for the poker table.
  • #21
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  • Mar 10, 2015 9:32am Mar 10, 2015 9:32am
Don't trust them. And there is no reason to SELL USD so far. Rate hike is coming which will push USD higher . Still more to go. Don't be foolish.
  • #22
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  • Mar 10, 2015 9:39am Mar 10, 2015 9:39am
  •  Trader#372C
  • | Status: Unregistered Trader
Quoting Bd888
Don't trust them. And there is no reason to SELL USD so far. Rate hike is coming which will push USD higher . Still more to go. Don't be foolish.
Maybe there will be a 1/4% coming...this is nothing...
Then markets realise that the Dollar has gone way too far!
And more then 1/4% it will not be...be careful!
  • #23
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  • Mar 10, 2015 9:40am Mar 10, 2015 9:40am
Some people try to use news as a direction indicator and/or a signal.

Don't!
Trade what you see..
  • #24
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  • Mar 10, 2015 9:43am Mar 10, 2015 9:43am
Quoting Chawl
Some people try to use news as a direction indicator and/or a signal.

Don't!
it calls fundamental. why not?
MAKE SURE you still can TRADE tomorrow
  • #25
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  • Mar 10, 2015 9:44am Mar 10, 2015 9:44am
  •  Trader#308F
  • | Status: Unregistered Trader
Quoting Bd888
Don't trust them. And there is no reason to SELL USD so far. Rate hike is coming which will push USD higher . Still more to go. Don't be foolish.
That is broadly correct - but do not bet on a hike taking it higher (at least not at this point) since in fact the market can buy the rumor and sell the fact. It all depends on levels reached at that point in future or before, that is to say demand and supply (and no one knows when a hike will be). The other thing of course is, it is not a matter of trust - governments (and central banks) are always bitching about the state of the currency - they do not like it too low and complain when it is high so like you rightly point out you do your sums irrespective of their views (that is until it gets loud enough to be thought of as desperate then alarms should ring in your head that they are gonna put their foot in it). Anyway happy trading and Nice One!

The Crow (-_-)
  • #26
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  • Mar 10, 2015 9:44am Mar 10, 2015 9:44am
Quoting justiniuxas
If you want to believe what banksters say, look at 2015-01-15 any chf pair... and think about that...
yeaahhh...agree with that
MAKE SURE you still can TRADE tomorrow
  • #27
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  • Mar 10, 2015 9:50am Mar 10, 2015 9:50am
Quoting senanata
it calls fundamental. why not?
This guy Furman is merely trying to build his career, imho, so why should you do any more than exploit the opportunities that may be presented.

....now if Yellen were to say....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #28
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  • Mar 10, 2015 9:52am Mar 10, 2015 9:52am
since 2014 rate hike topic at market, yet until now, there is no rate hike, and i bet until next year

simply, juny they will said rate hike at end of year, then near end of year they will say rate hike at 2016, and so on.. just like what they said at 2014, rate hike at early 2015,, and until now, march... we get what ??
just like greece topic at europe,, never clear end.

all is "to be continued" drama
take what you can take, before market take it back
  • #29
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  • Mar 10, 2015 9:57am Mar 10, 2015 9:57am
So of we like the dollar we can keep it?
  • #30
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  • Mar 10, 2015 10:03am Mar 10, 2015 10:03am
  •  Trader#2DF7
  • | Status: Unregistered Trader
so, who must I trust?
  • #31
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  • Mar 10, 2015 10:08am Mar 10, 2015 10:08am
so??
  • #32
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  • Mar 10, 2015 10:08am Mar 10, 2015 10:08am
  •  Trader#53EC
  • | Status: Unregistered Trader
Who wants to save in a depreciating currency like the Euro.The way it's dropping any stock investment there is losing because it has been falling like a knife.I want to be in a strong currency where everyone perceives the Dollar as being a safe haven for investment in an uncertain world.Lots of money pouring in.Cinese money surewants out of corrupt commie-land as well.
  • #33
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  • Mar 10, 2015 10:27am Mar 10, 2015 10:27am
  •  Trader#45B8
  • | Status: Unregistered Trader
Dollar is going to depreciates...
Atleast if you already buy dollar, you can hold.

It just about time... the market can reverse even before they announce the hike rate, and booom... the market already priced in.... you just got trap...

One things to remember "buy the rumor and sell the fact"
  • #34
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  • Mar 10, 2015 10:31am Mar 10, 2015 10:31am
What will happened next? EUR/USE Up or Down? or same as above?
Bokul
  • #35
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  • Mar 10, 2015 10:38am Mar 10, 2015 10:38am
They run out of unemploymentg news and other pathetic excuses to push the dollar higher. Now its time to take out the crap and throw it into peoples's faces. For some pilitical reason they want higher dollar, and spit bullshit all the time just to manipulate the market, that is so american.
  • #36
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  • Mar 10, 2015 10:44am Mar 10, 2015 10:44am
Quoting Guest
Who wants to save in a depreciating currency like the Euro.The way it's dropping any stock investment there is losing because it has been falling like a knife.I want to be in a strong currency where everyone perceives the Dollar as being a safe haven for investment in an uncertain world.Lots of money pouring in.Cinese money surewants out of corrupt commie-land as well.
...well....
here borrow these glasses and see if that helps :nerd:
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #37
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  • Mar 10, 2015 10:56am Mar 10, 2015 10:56am
anything cheap will be bought. at a point that it is soo cheap that i don't feel like loosing it. we will buy it just because.
  • #38
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  • Mar 10, 2015 11:15am Mar 10, 2015 11:15am
  •  Trader#E477
  • | Status: Unregistered Trader
This is very informative mr Adviser. Go kiss my a**. Buy USD at discount !
  • #39
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  • Mar 10, 2015 11:56am Mar 10, 2015 11:56am
Quoting Bd888
Don't trust them. And there is no reason to SELL USD so far. Rate hike is coming which will push USD higher . Still more to go. Don't be foolish.
then look at ur chart now..LOL I think u're right for this..
MAKE SURE you still can TRADE tomorrow
  • #40
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  • Mar 10, 2015 11:58am Mar 10, 2015 11:58am
Quoting Exodus
This guy Furman is merely trying to build his career, imho, so why should you do any more than exploit the opportunities that may be presented.

....now if Yellen were to say....
think again..LOL then look at ur chart now, no technical but fundamental only.
MAKE SURE you still can TRADE tomorrow
  • #41
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  • Mar 10, 2015 11:58am Mar 10, 2015 11:58am
i don't understand what is this?
  • #42
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  • Mar 10, 2015 12:13pm Mar 10, 2015 12:13pm
selll on gbpnzd and gbpaud tp 1000 pibs
  • #43
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  • Mar 10, 2015 12:16pm Mar 10, 2015 12:16pm
usd will colapse soon same news again and again the bulet will break an 500 pibs in few days means a end of trend
  • #44
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  • Mar 10, 2015 12:21pm Mar 10, 2015 12:21pm
Too much drama over .25 % rate hike ...not to mention it began six months ago.
  • #45
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  • Mar 10, 2015 12:30pm Mar 10, 2015 12:30pm
Quoting cristmaster
usd will colapse soon same news again and again the bulet will break an 500 pibs in few days means a end of trend
Agree with you Bro !
  • #46
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  • Edited 2:27pm Mar 10, 2015 2:18pm | Edited 2:27pm
The RSI on the USD index is through the roof...Reminds me of Star Trek when Scotty would say to Captain Kirk, " She can't take much more of this Captain"
  • #47
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  • Mar 10, 2015 2:53pm Mar 10, 2015 2:53pm
we need a grave for eurousd, nobody from ECB say somthing goood to save euro, but americans do that evry day
  • #48
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  • Mar 10, 2015 2:53pm Mar 10, 2015 2:53pm
This suspense is terrible. I hope it will last.

Oscar Wilde
  • #49
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  • Mar 10, 2015 2:57pm Mar 10, 2015 2:57pm
ECB why cant make a intervention, or wait to see if people kill because his wekness, maybe they need tragedy like in chf rising.
  • #50
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  • Mar 10, 2015 3:16pm Mar 10, 2015 3:16pm
What's one of them then? This RSI thing? Is it one of those squiggly lines that retail traders "draw on da charts"?


Quoting Hwdfx
The RSI on the USD index is through the roof...Reminds me of Star Trek when Scotty would say to Captain Kirk, " She can't take much more of this Captain"
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #51
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  • Mar 10, 2015 4:19pm Mar 10, 2015 4:19pm
buy sp500 now stop 2040 points target 2270

buy urgent SP500 will still rise have to touch 2041.38
  • #52
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  • Mar 10, 2015 5:02pm Mar 10, 2015 5:02pm
Ask the swiss...!
Too much of it hurts ....
  • #53
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  • Mar 10, 2015 5:16pm Mar 10, 2015 5:16pm
  •  Trader#8D2E
  • | Status: Unregistered Trader
LOL yeah it looks like a worm trying to swim before it sinks to the bottom


Quoting Spreadbetter
What's one of them then? This RSI thing? Is it one of those squiggly lines that retail traders "draw on da charts"?
  • #54
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  • Mar 10, 2015 6:03pm Mar 10, 2015 6:03pm
  •  Trader#8D2E
  • | Status: Unregistered Trader
Nice Analogy

Perhaps US could be useful for submarines and sinking


Quoting Aspart
Headwind useful for aircraft. Tailwind - useful for ship sails. US - what's this?
  • #55
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  • Mar 10, 2015 6:30pm Mar 10, 2015 6:30pm
  •  Trader#2FC6
  • | Status: Unregistered Trader
Quoting holymykel
Agree with you Bro !
You are hoping against hope and that is not how it plays bro. Buying the euro at the point you did was probably the wrong move for the range you might be prepared to hold. Hoping somehow night will turn to day before midnight is may be compounding the error. Why not cut the loss and trade with the flow?

The Crow (-_-)

BTW: No intent to be rude but I assume for a 2K$ base capital you are not really a long term trader and are looking to turn things round fast each time to multiply base. So just an empathetic suggestion. the market is not user friendly.
  • #56
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  • Mar 10, 2015 6:36pm Mar 10, 2015 6:36pm
Quoting Thepipster
The Whitehouse is just saying this because they are against the individual American. Strong dollar is the FED mandate, and the best for the individual...maybe not for the banks, but who cares about them?
The average american doesn't feel the difference. 80-90% of the population and perhaps more never consider the exchange rate until they vacation somewhere.

What really counts is how many F-22's, 747's, and Caterpillars US industry can move to other parts of the world, and when the USD is stronger, it means they sell less.

Which is also why they can't raise rate any time soon. Other countries such as Denmark and Switzerland and going negative because people are moving out of the Euro. The Euro is a major competitor, and aside from some countries having to pay more than the Greeks, Greece is a perfect excuse for QE. What is America's excuse going to be?

It's actually a better scenario than what could be happening, which would be to turn inward and look at import tariffs and restrictions.
  • #57
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  • Mar 10, 2015 9:15pm Mar 10, 2015 9:15pm
Mr. Furman is giving hint to Fed not to increase rate so soon. Why fix it if it ain't broken?
  • #58
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  • Mar 11, 2015 3:55am Mar 11, 2015 3:55am
Quoting TheTopBloke
The average american doesn't feel the difference. 80-90% of the population and perhaps more never consider the exchange rate until they vacation somewhere.

What really counts is how many F-22's, 747's, and Caterpillars US industry can move to other parts of the world, and when the USD is stronger, it means they sell less.

Which is also why they can't raise rate any time soon. Other countries such as Denmark and Switzerland and going negative because people are moving out of the Euro. The Euro is a major competitor, and aside from some countries...
Agree.
  • #59
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  • Mar 11, 2015 4:24am Mar 11, 2015 4:24am
+1 ....except,
Quoting TheTopBloke
....Other countries such as Denmark and Switzerland and going negative because people are moving out of the Euro....
Euro is going negative because Draghi/ECB hopes to stimulate spending and loan giving/taking. They want people to not sit on their cash but to use it somehow....

Unfortunately the result of -ve rates will be to export the Euro to anywhere else. Denmark etc have had to go -ve to stop their currencies flying higher as people try to swap their Euros. EZ business will win out of this, but the consumer will not be encouraged to spend until confidence returns.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #60
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  • Mar 11, 2015 4:43am Mar 11, 2015 4:43am
strong dollar it means we can print out money as much as possible as we want to
the strongest dollar would carrying world to demand dollar more
it means the paper toilet dollar money more valuable to the other world/country
isn't it mr. obama? and mrs.yellen?
the first thing genius did by america is they are have the ball,they have the power they have the dollar,as it is the safe haven currency and the most demanding currency,although it is paper toilet money,hence the most fearest thing by america is when the country stopping using dollar as their transanction,in a bottom line - america make the world believing the dollar,make it as the most transacted currency,then make other country to war their currency,to make their currency weaker against dollar
and the uncle sam just sit at the wooden chairs with the cigar watching the show ...
  • #61
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  • Mar 11, 2015 5:18am Mar 11, 2015 5:18am
are true like you said, but in europe itīs the same BCE prepare to make money, and them site at the wooden chairs with the cigar watching the show too, a hug. adm
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  •  Trader#F948
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  • Posted: Mar 10, 2015 8:43am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 61  /  Views: 15,760