US Mnuchin: Weaker Dollar Is Good For Trade - BBG TV

And they bitch about China being a currency manipulator. LOL.

Jan 24, 2018 3:06am

MAnipulators..

Jan 24, 2018 3:49am

Quoting Spec_And

Disliked

{quote} There will always be people who think dollars should be worth more, I remember calling the dollar top and shorting it heavily when DXY was above 100 in 2017, back then many argued that the fed was going to raise rates so the dollar should strengthen, these guys probably don't have an account anymore.

Ignored

Problem with people is that they think all the time what is going to happen and do not pay attention to what is Happening right now. You see the opportunity take the chance and take advantage. People that try to forecast the market - fail and will always fail. Nobody can forecast the market - Absolutely nobody.

OnlineAddict

Jan 24, 2018 3:58am

Quoting Alexeii

Disliked

{quote} Problem with people is that they think all the time what is going to happen and do not pay attention to what is Happening right now. You see the opportunity take the chance and take advantage. People that try to forecast the market - fail and will always fail. Nobody can forecast the market - Absolutely nobody.

Ignored

Of course you can forecast the markets...especially before big events when the price creates a pattern before those events even start.

thelws

Jan 24, 2018 3:07am

well no shit sherlock.
But then again, inflation doesn't seem to be going up. So this really is amazing.

Jan 24, 2018 3:47am

Quoting OnlineAddict

Disliked

{quote} That is the best reason to buy dollar, tomorrow it will be 200 pips up.

Ignored

I personally believe that what will happen tomorrow nobody knows, not even God may be. SO this is for me talk in the air with no explanation what so ever. But thank you for the insight!!!

Jan 24, 2018 3:57am

Quoting TudorIoan

Disliked

It looks like the US and the EU are fighting each other who's gonna devaluate its currecy more! In order to get better profits from export trade Hence Draghi will sound like a sweeeet inocent dove tomorrow ...to fight Mnuchin The US and Germany's economies are the engines of the western capitalism ...they should go together well, not fighting

Ignored

This was happening behind the scenes from a very long time probably

Jan 24, 2018 4:03am

Quoting Spec_And

Disliked

{quote} My forecast was spot on so its definitely possible to do it profitably. The reason why many people fail is because they lack the know how and/or they apply long term analysis to short term scalping. Fundamentals always assert itself in the long run, the dollar is a flawed currency, it has to go lower eventually.

Ignored

May be you have right, but still we are people and have different opinions. But with one thing I agree, you can not forecast for months and watch the 1 hour chart and cat like the trade is in this chart. I also happen to do some correct forecast. Most of the times unfortunately I did not have the balls to follow my forecast.So it is all connected - Set of skills is required, not only to be good in one thing

Cheers

Trader#4CC4

Jan 24, 2018 4:11am

Quoting Alexeii

Disliked

{quote} Problem with people is that they think all the time what is going to happen and do not pay attention to what is Happening right now. You see the opportunity take the chance and take advantage. People that try to forecast the market - fail and will always fail. Nobody can forecast the market - Absolutely nobody.

Ignored

Absolutely spot on. The market is completely unpredictable and sure enough anyone spending time trying to predict the market is wasting time. Best to learn how to follow from a respectable distance.

(-_-)

TudorIoan

Jan 24, 2018 3:55am

It looks like the US and the EU are fighting each other who's gonna devaluate its currecy more!
In order to get better profits from export trade

Hence Draghi will sound like a sweeeet inocent dove tomorrow

...to fight Mnuchin

The US and Germany's economies are the engines of the western capitalism ...they should go together well, not fighting

TudorIoan

Jan 24, 2018 4:13am

Quoting Spec_And

Disliked

{quote} No amount of currency devaluation (unless its 30+%) is going to help the US trade deficit, the US has a spending and consumption problem, both the private and public sector borrows heavily for consumption while the Germans are thrifty and most of their spending are capital in nature (investment). The US fiscal deficit is going to hit 1 trillion this year, the treasury had better find some way to attract lenders or interest rates are going to skyrocket.

Ignored

Alright, you take very seriosly the FA, as one really should.
And I am perfectly aware that export game it's just a shallow analysis,
but are you sure that "acrimonious buffoon" Donnie T. knows what are you clearly seeing and wisely saying?
...I kinda doubt that he is

Subdude

Jan 24, 2018 5:46am

Quoting capac

Disliked

I thought that comments like this comes during New York sessions. So where is Munchin; in US (sleeping ) or in Europe?

Ignored

Davos. DJT and his gang are there to share their supply side economics "wisdom"

Tengizhan

Jan 24, 2018 3:11am

persistent inflation is coming.thats why .

buy usd fully.i am in this level

Jan 24, 2018 3:39am

Quoting Alexeii

Disliked

{quote} I do not understand people like you- The whole world is selling the dollar right now, and you going against that?! Have a nice Margin call

Ignored

There will always be people who think dollars should be worth more, I remember calling the dollar top and shorting it heavily when DXY was above 100 in 2017, back then many argued that the fed was going to raise rates so the dollar should strengthen, these guys probably don't have an account anymore.

Jan 24, 2018 3:59am

Quoting Alexeii

Disliked

{quote} Problem with people is that they think all the time what is going to happen and do not pay attention to what is Happening right now. You see the opportunity take the chance and take advantage. People that try to forecast the market - fail and will always fail. Nobody can forecast the market - Absolutely nobody.

Ignored

My forecast was spot on so its definitely possible to do it profitably. The reason why many people fail is because they lack the know how and/or they apply long term analysis to short term scalping.

Fundamentals always assert itself in the long run, the dollar is a flawed currency, it has to go lower eventually.

Jan 24, 2018 4:03am

Quoting TudorIoan

Disliked

It looks like the US and the EU are fighting each other who's gonna devaluate its currecy more! In order to get better profits from export trade Hence Draghi will sound like a sweeeet inocent dove tomorrow ...to fight Mnuchin The US and Germany's economies are the engines of the western capitalism ...they should go together well, not fighting

Ignored

No amount of currency devaluation (unless its 30+%) is going to help the US trade deficit, the US has a spending and consumption problem, both the private and public sector borrows heavily for consumption while the Germans are thrifty and most of their spending are capital in nature (investment).

The US fiscal deficit is going to hit 1 trillion this year, the treasury had better find some way to attract lenders or interest rates are going to skyrocket.

Saab786

Jan 24, 2018 4:35am

One of the reasons of Dollar weakening is US is having bigger exports orders now, expected to their payments 2nd quarter nearby, then Dollar value is expected to be risen. There are many other reasons too.

Saab786

Jan 24, 2018 4:51am

Looks like US has some bigger objectives to get benefits by weakening its dollar this quarter.
IMF / Banks new loans would be being negotiated or installments would be taking place.
Weak economic data of US is another reason.
Only US stock markets setting new records high and higher, confirming US President is a good businessman.
.
In larger picture, Im afraid dollar index would be dragged down to around 85.5 level as was hit in 2004-2005.

OnlineAddict

Jan 24, 2018 3:43am

Quoting Alexeii

Disliked

{quote} I do not understand people like you- The whole world is selling the dollar right now

Ignored

That is the best reason to buy dollar, tomorrow it will be 200 pips up.

sing2x

Jan 24, 2018 4:24am

Sometimes I wonder if he has any relatives that trades forex. Just ask him/her to buy for 10000 lots first before I open my mouth.

Gwan

Jan 24, 2018 8:32pm

if people are buying/selling with fx contract, it will return to ground zero when all are taking profit so just hang in there like nuts

XuMar

Jan 24, 2018 3:03am

We will see Next Quarter GDP is fucking strong LOL

XuMar

Jan 24, 2018 10:43am

I see Draghi will hawkish at ecb press conference with the data still too goods at currently released. It will push eur usd to 1.25

Jan 24, 2018 3:35am

Good for US trade but bad for anyone who lends money to Uncle Sam. So much for US treasuries being a safe investment lol...

Saab786

Jan 24, 2018 9:30am

US Index has dropped to new record level 89 and now struggling up to this level but looks helpless under pertaining trend. GBP, EUR stopped going up further. Lets see what comes next from now on.

Jan 24, 2018 3:32am

Trap?

Jan 24, 2018 3:50am

Quoting Alexeii

Disliked

{quote} Problem with people is that they think all the time what is going to happen and do not pay attention to what is Happening right now. You see the opportunity take the chance and take advantage. People that try to forecast the market - fail and will always fail. Nobody can forecast the market - Absolutely nobody.

Ignored

Not talking bout you, do not get it personal. It is just General observation that I have from my experience!

stu1

Jan 24, 2018 5:56am

A hint of stimulus reduction last year and the EUR rallies well over a 1000 pips and is still going. They haven't reduced stimulus yet and a interest rate hike (if it going to happen that is) will only be happening next year. The market has been pricing this in as a done deal. The USD has had several rate hikes already and is planning 3-4 more this year. Im assuming this is priced on too, yet the USD is tanking at the moment? I think the big globalist boys are not interested in the USA at the moment with a President that is not serving their globalisation agenda. The EUR is now their focus. The amount of political propaganda that is anti Trump is relentless while Europe is perceived to be booming and flourishing under the EU.

FateAnother

Jan 24, 2018 9:11am

Quoting OnlineAddict

Disliked

{quote} That is the best reason to buy dollar, tomorrow it will be 200 pips up.

Ignored

nice, you buy; i sell.

FateAnother

Jan 24, 2018 10:27am

Quoting Saab786

Disliked

US Index has dropped to new record level 89 and now struggling up to this level but looks helpless under pertaining trend. GBP, EUR stopped going up further. Lets see what comes next from now on.

Ignored

TBH, i don't care though. I'm selling from when the US index at 93.5 and hold onto it. It will go down.

Eccles

Jan 24, 2018 3:54am

Mnucs talking bunkum again? Don't trust that man with your dollars -- he wants to scribble all over them!

shintaPT

Jan 24, 2018 1:23pm

bull or bear... tomorrow we see

Micc23

Jan 24, 2018 3:13am

Immediately all USD pairs fall by around 20 pips. Stupid emotional traders.

wukatrades

Jan 24, 2018 3:16am

Quoting Tengizhan

Disliked

persistent inflation is coming.thats why . buy usd fully.i am in this level

Ignored

buy buy buy !

Trader#0C58

Jan 24, 2018 3:35am

Quoting Tengizhan

Disliked

persistent inflation is coming.thats why . buy usd fully.i am in this level

Ignored

You're not serious, aren't you !!!
This kind of statment has nothing with being manipulators (if that's what you mean somehwo).
USD will be screwed even more the rest of his month.

foreks2007

Jan 24, 2018 3:50am

the TA is in favor of the EUR ... next level 1.27 ... ?

capac

Jan 24, 2018 4:49am

I thought that comments like this comes during New York sessions. So where is Munchin; in US (sleeping ) or in Europe?

Trader#47B0

Jan 24, 2018 8:29am

Quoting stu1

Disliked

... The amount of political propaganda that is anti Trump is relentless while Europe is perceived to be booming and flourishing under the EU.

Ignored

The economic boom is well perceived in Germany or the Nethrelands, but I, for living in SE, can tell you that there is not a hint of a boom in these parts (France, Spain, Greece etc.). This distorted perception may well bring up the next EU crisis due to this ill-concieved euro.

Trader#A977

Jan 24, 2018 11:32am

Quoting OnlineAddict

Disliked

{quote} Of course you can forecast the markets...especially before big events when the price creates a pattern before those events even start.

Ignored

Your mind has been focused on ''sell'' trades. If you still have got doubts where gold, eur, gbp are heading ..........maybe you should turn your computer screen upside down?

nhatle007

Jan 24, 2018 8:48pm

FED could turn up dollar by 02/02 , they may shock markets....