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  • Morgan Stanley Warns Currency Traders Worst to Come for Dollar

    From bloomberg.com

    The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse. That’s what Morgan Stanley chief global currency strategist Hans Redeker told clients in a note published Thursday, citing in-house indicators showing U.S. domestic demand is set to fade in the coming months. It didn’t take long for markets to prove him prescient. The greenback fell 1.3 percent Friday, capping its worst week since April, after the Commerce Department said U.S. second-quarter gross domestic product advanced at about half the ... (full story)

Scary Forecast
Never Gamble Forex
"The greenback had rallied in recent weeks on mounting speculation the Fed will hike rates in the coming months following better-than-expected data on jobs"

What? USD strenghened in recent weeks mostly because of brexit, and after brexit most thought the rate rise this year was dead and buried.
Quoting CoolJL
"The greenback had rallied in recent weeks on mounting speculation the Fed will hike rates in the coming months following better-than-expected data on jobs"

What? USD strenghened in recent weeks mostly because of brexit, and after brexit most thought the rate rise this year was dead and buried.
How has the USD rallied in recent weeks? it has been stuck in a channel since the first quarter of 2015 and it hasn't changed.
My M.S BS contra-indicator is lighting up once again. It's been a little while since I have read statements of assurance about what absolutely WILL or WON'T happen in the future from these prosecuted crooks

And of course no mention of Brexit impact anywhere
Come with me if you want to live....
Quoting investing101
How has the USD rallied in recent weeks? it has been stuck in a channel since the first quarter of 2015 and it hasn't changed.
That would depend on the definition of recent.
Yep, I agree...I expect more rallies to come on EUR/USD
Simplicity is the key to brilliance.
mmm... just another forecast, and tomorrow there will be another forecast from another organisation saying it will go the other way. The only real truth is that no one knows.
You can always find 2 sides to any story and the same goes with trading. One analyst says a product is going to go down and then another says its going to go up. As a novice trader I have found that there is never a absolute in trading any product. I can only take in all available information and ascertain for myself which way I should take a trade.
i will most likely buy usdchf on the open
  •  Guest
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Quoting Trout
i will most likely buy usdchf on the open
Why would that be ?
Such an obvious message to look to BUY the dollar
►Morgan Stanley◄ worst fund managers :-(
Never Gamble Forex
  •  Guest
  • | IP XX.XX.237.187
Wow. Buy the dollar.... Whenever these guys say something, always do the opposite.. Do you ever listen to your opponent what card he has at the poker table ?
Quoting investing101
How has the USD rallied in recent weeks? it has been stuck in a channel since the first quarter of 2015 and it hasn't changed.
Agree.
HumbleTraders
MS is not to be trusted, 9 out of 10 times they are wrong, seems they are almost doing this on purpose... most likely they are looking for USD longs themselves If we all short USD next week, it will give them a much better price to buy...
and that is how we do it.
Quoting Trout
i will most likely buy usdchf on the open

and that is how we do it
Quoting Guest
Why would that be ?
we have pretty much irrevocably bullish long-term fundamentals for the U.S. versus Switzerland and we got a shot at buying it in the lower 2/3rds of the 30-day range.
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  • Story Stats
  • Posted: Jul 30, 2016 2:08pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 17  /  Views: 6,941