Clear Signal: SELL Dollar

NAHB housing index : worst-than-expected
housing start : bad
building permit : bad
PPI : bad
PPI-core : bad
interest rate hike : unlikely
dollar support : to war against who? (Not really sure...)
Like what I have told you guys...sell the dollar, before you got dissapointed by another bad issues

The key in Forex is to sell the weakest currency and buy the strongest. ie. Long Strongest/Weakest.

In this case, EUR/USD wouldn't be a good option, and neither would CHF. GBP seems like the best option.

I think so...Supporting : BUY GBP...And SELL dollar...

You have clearly underestimated the market. The argument that the Fed will raise rates is long gone. It was priced in weeks ago. Now it's whether there will be a slump in the housing market, and if the Fed will lower interest rates anytime soon.

If so, how would I explain the recent dollar rally?

I think it was mainly because,

1. The market probably thought that the recent dollar losses may have been exaggerated.

2. The possibility that the other economies will slow down as well, suggesting that the rate on the dollar will be higher than the others.

as the yen rallies versus usd... gbp and eur rallies versus usd.... preserving eurjpy gbpjpy to some degree, when eur gbp collapse with yen rallying.. that is the true sign of capitulation...

Look for controlled buying back of yen ..usually sunday night.. to goose the carry trade weekend long usd.. holders versus yen.

116.60 is doable versus yen.

I think it'll move down to about 115.80.

Not today.. and not tomm.. either. Next week.

I was just trying to exit @117.00 and the FXCM software got stuck. They claimed that there was some problem with their server and that they were working on it. That costed me 20 pips on 300k. I really need to move to an ECN.

dukascopy I heard rocks....

someone wakeup Paulson... I heard he likes dollars.

I'm just about $85,000 short of opening an account with them. :

there are currently 1 pip spreads.. on some ECNS.. I have here on my screens. Cant beat that!

I was thinking Propfx. But now that the market has reversed, I'm mad at them. This will be my last account with FXCM.

I wouldnt touch any broker, with 3 pip spreads...its not worth it.. the cost of entry and exit is too great....especially if you want to be agile.

The new axiom should be .. dont fight the fed or treasurey or the boj. =)

Dont be caught short dollars versus asian pairs. Looks like the treasury stepped in a few minutes ago.

Paulson flexing his muscles.. flex flex away...

Blowoff top to 120 ...USD/JPY =)