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  • #1,137,181
  • Oct 13, 2017 7:38am Oct 13, 2017 7:38am
Quoting skillz16
USD Data looks good/strong right?: anyone know why the dollar is weakening? I'm confuzzled. But suppose it is ok for me right now.
Because if you base on number reports on the calender, you will lose. If its easy to read according to numbers like that, everyone would win. And if everyone wins, who loses?
Trade what you see, take what the market gives you.
  • #1,137,182
  • Oct 13, 2017 7:39am Oct 13, 2017 7:39am
Quoting skillz16
USD Data looks good/strong right?: anyone know why the dollar is weakening? I'm confuzzled. But suppose it is ok for me right now.
a computer trades on multiple factors not just news , retail traders trade only news
do not follow me 99.9999999% of times, rest you can lol
  • #1,137,183
  • Oct 13, 2017 7:42am Oct 13, 2017 7:42am
Quoting skillz16
USD Data looks good/strong right?: anyone know why the dollar is weakening? I'm confuzzled. But suppose it is ok for me right now.
Indeed, all US data are better than the previous one but before the obviously drop, a fresh SL hunting session is required...

The market moves always where more money can be stolen from the table...
I am who I am
  • #1,137,184
  • Oct 13, 2017 7:43am Oct 13, 2017 7:43am
Quoting skillz16
USD Data looks good/strong right?: anyone know why the dollar is weakening? I'm confuzzled. But suppose it is ok for me right now.
Retail is good due to the hurricanes.... people need to buy new stuff. The rest is not good, especially inflation, has connections with the rate hikes and so on.

That and the US political risk aka Republicans passed NO legislation, can`t even pass their campaign promises and so on... will now try with tax cuts but most consider those bad for the USD as it will cause a huge deficit and help the 1% aka might get them voted out of people figure out its just rich people giving rich people tax breaks.

Overall, not a good day for the USD...
  • #1,137,185
  • Oct 13, 2017 7:47am Oct 13, 2017 7:47am
YUP
What could possibly go wrong?
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Founder of Sutherland Wave Principle
  • #1,137,186
  • Oct 13, 2017 8:04am Oct 13, 2017 8:04am
USD doing bad

noooooooooooo
Don't Worry Be Happy
  • #1,137,187
  • Oct 13, 2017 8:08am Oct 13, 2017 8:08am
Quoting alexandru987
{quote} Retail is good due to the hurricanes.... people need to buy new stuff. The rest is not good, especially inflation, has connections with the rate hikes and so on. That and the US political risk aka Republicans passed NO legislation, can`t even pass their campaign promises and so on... will now try with tax cuts but most consider those bad for the USD as it will cause a huge deficit and help the 1% aka might get them voted out of people figure out its just rich people giving rich people tax breaks. Overall, not a good day for the USD...
I for one think we are past the point of no return... that since the USD is still the "global reserve currency" that means that the USD will need to be destroyed into nothingness (valueless). Suppose we are now seeing oil transacted in CNY right, so maybe this is changing?

But I'd see because of the banking and government incentives/budgets, that the USD needs to be/will be a lot lower than where it even is now - as hard as that is to believe. Basically, think we are in the start of USD "hyperinflation" and Bitcoin and other things are showing/reflecting that - it is just all going into financial assets right now and not the real economy, which I suppose is better for the "common man"? >.<
  • #1,137,188
  • Oct 13, 2017 8:08am Oct 13, 2017 8:08am
Gateway to 1.20102 now open
Founder of Sutherland Wave Principle
  • #1,137,189
  • Oct 13, 2017 8:09am Oct 13, 2017 8:09am
Quoting MrPresident
USD doing bad noooooooooooo
MrPresident, this does NOT sound like trump.
  • #1,137,190
  • Oct 13, 2017 8:12am Oct 13, 2017 8:12am
Quoting alexandru987
{quote} Retail is good due to the hurricanes.... people need to buy new stuff. The rest is not good, especially inflation, has connections with the rate hikes and so on. That and the US political risk aka Republicans passed NO legislation, can`t even pass their campaign promises and so on... will now try with tax cuts but most consider those bad for the USD as it will cause a huge deficit and help the 1% aka might get them voted out of people figure out its just rich people giving rich people tax breaks. Overall, not a good day for the USD...
Most do not consider the tax cuts bad. In fact, without a tax cut the economy will continue to flounder as it did in the Obama years. No one in the US wants to go back to that as reflected in the stock market. There's going to be hiccups because of the natural disasters and partial deregulation but the US economy at least, looks pretty bright.

The dollar going down benefits the US economy. Long term however, the euro probably will continue to weaken due to the political turmoil in Spain plus natural undulations of the euro price actions.
Taigen Profit This Month: na
  • #1,137,191
  • Oct 13, 2017 8:15am Oct 13, 2017 8:15am
Quoting MrPresident
USD doing bad noooooooooooo
Just fake as usual this USD weakness, and forecast too optimistic as usual too...

Consumer Price Index (YoY) rise at 2.2% from 1.9% previous.
Consumer Price Index (MoM) rise at 0.5% from 0.4% previous.
Consumer Price Index Ex Food & Energy (YoY) remain unchanged at 1.7%.

Retail Sales ex Autos (MoM) rise at 1.0% from 0.2% previous.
Retail Sales (MoM) rise at 1.6% from -0.2% previous.
Retail Sales control group rise at 0.4% from -0.2% previous.
I am who I am
  • #1,137,192
  • Oct 13, 2017 8:28am Oct 13, 2017 8:28am
Again, break this upper trendline and the bull will resume. Reject here and we'll see 1.1660 area again. Short at 1.1872. SL 1.1905. TP 1.1680.
I wanna be a billionaire so freaking bad!
  • #1,137,193
  • Oct 13, 2017 8:30am Oct 13, 2017 8:30am
Machete don't News
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Founder of Sutherland Wave Principle
  • #1,137,194
  • Oct 13, 2017 8:37am Oct 13, 2017 8:37am
The bull is strong with this one. Even on mediocre data it still shot up 70 pips. 1.20 in about 2 weeks
  • #1,137,195
  • Oct 13, 2017 9:06am Oct 13, 2017 9:06am
Weakest and weakest news for USD : Michigan Consumer Sentiment Index comes with a Guinness book value of 101.1 ...
I am who I am
  • #1,137,196
  • Oct 13, 2017 9:06am Oct 13, 2017 9:06am
By the rivers of Babylon, where we retraced...
Hey there's a bunch of lines and levels up there we could go mess with..
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Founder of Sutherland Wave Principle
  • #1,137,197
  • Oct 13, 2017 9:30am Oct 13, 2017 9:30am
What a wonderful world, Suthmo, with all this US data taken from the Guinness book, you still sell the USD, in order to be at break even again...
I am who I am
  • #1,137,198
  • Oct 13, 2017 10:22am Oct 13, 2017 10:22am
Quoting imwim
What a wonderful world, Suthmo, with all this US data taken from the Guinness book, you still sell the USD, in order to be at break even again...
Just roll that news into a ball and kick it
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Founder of Sutherland Wave Principle
  • #1,137,199
  • Oct 13, 2017 10:34am Oct 13, 2017 10:34am
Quoting suthmo
{quote} Just roll that news into a ball and kick it
Snow ball rolling down, no need to kick on it...
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I am who I am
  • #1,137,200
  • Oct 13, 2017 10:42am Oct 13, 2017 10:42am
DEC hike is still priced in high. Wouldn't be surprised if they let it go and the odds fall a lot. My guess is because of the debt, they need rates to run low and for it to run hot and for inflation to be 2% or higher - and will be willing to risk it given the age demographics.

Age demo IMO is why inflation is not "showing." And I think USD goes in the garbage here over the next longer term period... but just me and I'll trade LONG/SHORT as needed (not just long).
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