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  • Consumer Sentiment in U.S. Declined in March to Four-Month Low

    From bloomberg.com

    Consumer confidence declined in March to a four-month low as optimism about the U.S. economy was tempered by weaker income expectations and a rebound in gasoline prices. The University of Michigan said Friday its preliminary consumer sentiment index decreased to 91.2 this month from 95.4 in February. The median projection in a Bloomberg survey of economists called for a reading of 95.5. Consumers were less upbeat this month as cold weather boosted utility bills, the cost of gas advanced from the almost six-year low in January and wage growth was limited among middle- and lower-income households. At the same time, a ... (full story)

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Very good day for USD
Again another DATA of Consumer Sentiment for $ also in -ve ,but dollar is still aggressive bullish how ? its behind the Market secret , God only Knows ?
Quoting jegas
Again another DATA of Consumer Sentiment for $ also in -ve ,but dollar is still aggressive bullish how ? its behind the Market secret , God only Knows ?
Maybe big boys whipping us around
Quoting jegas
Again another DATA of Consumer Sentiment for $ also in -ve ,but dollar is still aggressive bullish how ? its behind the Market secret , God only Knows ?

haha!! because if that is positive, it will be more bullish USD
Big players taking profit and slowly unloading USD longs to retail crowd.
Can we say that with all this UDS datas Dollars remain bullish especially GBP/USD ?
Anyway i stay out from $ for now till another trend emerge using this credible method http://bit.ly/1wDWRth
Quoting shellsnail
Big players taking profit and slowly unloading USD longs to retail crowd.


Excatlly the same thing is happening here,for last 3 months all USD Data's are in same manner acting ,very soon $ Burst one day.
  • Post #8
  • Quote
  • Edited at 10:47am Mar 13, 2015 10:37am | Edited at 10:47am
Bad for US = Good for $ actually.

I don't really look at the fundamentals. But check out the charts, UJ especially. A reversal here would be a strong topping pattern and completes the recent 5 wave move up on the daily chart, and could also be the C wave of the weekly chart. I expect a move down of ~ 800 pips in the first case and ~25-40% in the second case.

Which one plays out, depends on fundamental data, news story, and crowd psychology

Of course, if the uptrend stays intact here, it could grind higher. But as of now, momentum is faltering.
Quoting shellsnail
Bad for US = Good for $ actually.
That's just wrong Same data for EU (and any other currency respectively) would send the EURUSD down 100 pips. So much blind emotional trading is happening on US pairs that it's crazy
It was funny watching SM-moves 20mins. before news. They are really good at confusing retailers. Some call it "Accumulation period"
As for the data, Its the revised rate from 93.6 to 95.4 for Prelim UoM Consumer Sentiment.

Since last month had a higher rate, the current USD currency value did not reflect that higher rate.

And of course, the big boys are making lots of money...
It's not depend on data today. EU retest 1.05 again even if US's data good or bad
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