more and more bulish talk about the dollar...this article IMHO makes a lot of sense.
http://www.cnbc.com/id/32460394
http://www.cnbc.com/id/32460394
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DislikedHi Platypus, welcome back! I'm glad you posted that cnbc article. I actually didn't think of the possibility of the current account narrowing as compensating for lack of foreign investment. The only issue I see is that this is ex oil. If, however, the market brings the current account issue into focus, that may be the catalyst required to cause a Dollar rally. Currencies are looking weak right now, and almost as if they are waiting for a reason to fall further. I have some short currency positions that have been doing well, but I'm not ready to...Ignored
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I'm sorry folks but after reading the E/U thread and see so many people screwed out of stupidity I'm just frustrated !!Ignored
DislikedHi Platypus...i recon it would be nice if you can tell us some more about today spike eg.bonds auction and maybe a word or two how to recognite bull/bear bias.There`s a lot of ppl with lack of expirience incliding my self.
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DislikedHey Plat!
Hey Buddy I did not lose money! I got out of Big Dog's way when I saw him sniffing around at .4225. I did not catch the spike up but I faded the backslide, off the second move, and got about 60 pips total. As far as these big azz spikes go, I don't know where they come from, but I really just want to be able to stay out of their way. I can do just fine scalping the normal price action.Ignored