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  • The Time to Sell the Dollar Is Now as Fed Gets Real on Liftoff

    From bloomberg.com

    Anyone looking for the dollar to surge after the Federal Reserve lifts interest rates has a short memory. The U.S. currency strengthened an average of almost 9 percent during the six to nine months prior to the past three rate-rise cycles. After that, it's been a downhill ride, with the six-month drop averaging about 6 percent. ``The assumption that the dollar has to go up as the Fed tightens is not borne out by history,'' David Kelly, chief global strategist at JPMorgan Chase & Co.'s JPMorgan Funds unit, said in a phone interview. ``It does tend to go up in advance of an actual rate hike, but it's one of those ... (full story)

haha it is all because of the euro weakness...... and if you all think its now then it will come a surprise.
Quoting hkg_paul
haha it is all because of the euro weakness...... and if you all think its now then it will come a surprise.
Yes yes this call is like that say Goldman last night "It'sw now time to sell the euro" Yes and then see the euro skyrocket... the same with call for the dollar? like yes.
Fund manager always says one thing and does its opposite.
Furthermore, they are not good at the Forex market as well.
  •  Guest
  • | IP XXX.XX.65.198
I'm looking at a 5% to 6% increase in the Dollar in the next year.Holding Long.
doller index will go 100 that time because payroll is good.
  •  Guest
  • | IP XX.XX.120.53
This time it's different. USD will strengthen as long as other nations weaken their currencies. Pretty basic...... and obvious... except to those who do shoddy research like the writers of this article.
  •  Guest
  • | IP XX.XXX.60.123
A true expert would say, "I have no idea what the dollar will do".
after all the good us data today, the usd is still taking a beating... they might be right for now i think
  •  Guest
  • | IP XXX.XX.10.29
Absolutely right. History shows what article says. Unfortunately.
Pay no attention to 'Guests'.... if they are at all serious, they would sign in before posting crap.
Quoting roger44
Fund manager always says one thing and does its opposite.
Furthermore, they are not good at the Forex market as well.

They are good at making fools
  •  Guest
  • | IP XX.XX.126.147
Making a simple if - then based on a chart without understanding the underlying economic environment at each point in history is crazy!!!!
The drivers and reasons for rate hikes in the past are clearly different for the reason for a rate hike now, "experts" making such a broad statement is elementary at best!
Quoting Guest
Making a simple if - then based on a chart without understanding the underlying economic environment at each point in history is crazy!!!!
The drivers and reasons for rate hikes in the past are clearly different for the reason for a rate hike now, "experts" making such a broad statement is elementary at best!
Even your statement has no foundation. lol
"It does tend to go up in advance of an actual rate hike, but it's one of those cases where people buy the rumor and sell the fact.''
The Fed won't hike rate this Sep meeting because yuan devaluation will be discussed when Li visit to Washington DC next month. There will be more room for the greenback to climb between now and Oct meeting. Don't worry about history. Just enjoy the present and trade what you see on your chart.

Happy trading!
Quoting Manudatinh
"It does tend to go up in advance of an actual rate hike, but it's one of those cases where people buy the rumor and sell the fact.''
The Fed won't hike rate this Sep meeting because yuan devaluation will be discussed when Li visit to Washington DC next month. There will be more room for the greenback to climb between now and Oct meeting. Don't worry about history. Just enjoy the present and trade what you see on your chart.

Happy trading!
Never ignore history
  •  Guest
  • | IP XX.XXX.192.4
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  • Story Stats
  • Posted: Aug 14, 2015 7:06am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 15  /  Views: 6,151