Deciphering the Dollar | Forex Factory

  • Deciphering the Dollar

    From marctomarket.com

    The US dollar's strong advance ended a month ago. Weak economic data encouraged investors to push out their expectations of the Fed's first rate hike. Some are even shifting it out of 2015 entirely. At the same time, economic conditions and lending improved in the eurozone. The stabilization, and then recovery in the price of oil, has helped ease, on the margins, deflationary forces. The persistent and sharp dollar gains also stretched speculative positioning, judging from the futures market. A period of consolidation or retracement comes after an extended trend like night follows day. Within the ranges, the dollar ... (full story)

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peacourt
Apr 19, 2015 1:20pm
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the reasoning for the retraction in the , dollar is partly to account for the rise in the euro as qe in the euro is having the desired effect and moving the currency upwards , and strong german growth coupled with good growth forecasts with modest inflation , and unemployment expected to be less than 10 percent,my fore cast is positive for the euro
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Timeless77
Apr 19, 2015 2:47pm
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I AGREE!!
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