Dollar Drivers | Forex Factory

  • Dollar Drivers

    From marctomarket.com

    The events of the past week will continue to reverberate in the capital markets in the week ahead. The key development was the market’s ultra-dovish read of the Federal Reserve. Although the dollar recouped the lion’s share of the knee-jerk losses, the debt markets have not returned to status quo ante. Many, if not most market participants fail to appreciate our heuristic insight into the Federal Reserve: Policy emanates from the leadership of the Federal Reserve: Yellen, Fischer, and Dudley. We argue that the key organ of the leadership is the FOMC statement. Other communication tools including the dot-plots and ... (full story)

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PA is King
Mar 23, 2015 6:43am
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Quoting Black Fox
Nah, man.
traderathome was right. Lower volume on Friday and PA today means MM are planning shorts.
Everyone has their own view on the market And trading style. For me, price action says long. Feel free to short and fill my long orders. Hehe

On the technical side, Aussie opened with a gap up, filed it it, and then rallied nearly 70pips. Then it pulled back to .7760 address again and has rallied over 50pips again. So the near term support seems to be .7760 area. It's possible price could pullback to .7700 at some point this week which would be another good buying opportunity. But doesn't look like it wants to today. And I wouldn't expect it to go much, if any lower than that if it did make it there sometime this week.
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PA is King
Mar 23, 2015 8:10am
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Quoting Guest
GBP & Eur still in technical pullback before setting new low before end of month (Eur to 1.01 to 1.02). On the back of that A$ to test 75c within weeks
Aussie to test .7500? I'll believe it when I see it!

Cheers
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Black Fox
Mar 23, 2015 4:57am
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Quoting PA is King
Gaps up on AU, EU, GU to start the week. Market makers have flipped the books, should finish this week higher on these pairs.

Happy Trading!
Nah, man.
traderathome was right. Lower volume on Friday and PA today means MM are planning shorts.
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PA is King
Mar 22, 2015 4:39pm
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Gaps up on AU, EU, GU to start the week. Market makers have flipped the books, should finish this week higher on these pairs.

Happy Trading!
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PA is King
Mar 22, 2015 5:37pm
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Quoting nathanmf
Higher as in USD weaker? Or stronger?
USD weaker
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PA is King
Mar 23, 2015 6:48am
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One other note, the euro continues to rally and the pound has rallied the last couple of hours now, there's continued weakness in USD across the board.
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nathanmf
Mar 22, 2015 5:27pm
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Higher as in USD weaker? Or stronger?
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Heuristics
Mar 22, 2015 10:17pm
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Quoting PA is King
USD weaker
Agree!
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Kingofkings
Mar 22, 2015 5:40pm
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what is GU? GBP?
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Trader#771A
Mar 22, 2015 6:43pm
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GU = GBP/USD, also known as "cable".
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Trader#8DD3
Mar 23, 2015 7:09am
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GBP & Eur still in technical pullback before setting new low before end of month (Eur to 1.01 to 1.02). On the back of that A$ to test 75c within weeks
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