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Dollar up or down today

  • #1
  • First Post: Oct 5, 2007 5:54am Oct 5, 2007 5:54am
hi i sawhat the forecast was +100k is that good or bad for the dollar?

and what is the dollar goin to do about it

this not a special thread i just didnt know where to post my question

leon
  • #2
  • Oct 5, 2007 6:12am Oct 5, 2007 6:12am
There is a good chance price will move with the number and revision. If like last month there is a big surprise to the downside, this would probably be dollar negative and vice versa.. If the numbers are close.. well, it might be whippy.. but to be honest, I really don't know.. I will stay out if this is the case..
  • #3
  • Oct 5, 2007 6:19am Oct 5, 2007 6:19am
thanks peter but what does the -4 previos and forcast +100 stands for than thats a difference of 104k is this good for the dollar or bad?
  • #4
  • Oct 5, 2007 6:27am Oct 5, 2007 6:27am
Much lower than expected.. So very dollar negative.. GBP/USD shot up last month on the news.
  • #5
  • Oct 5, 2007 6:50am Oct 5, 2007 6:50am
no surprises today

technical analysis discover the fundementals

the result would be bad for the USD, don't buy USD

Many thanks
Attached Image(s) (click to enlarge)
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  • #6
  • Oct 5, 2007 7:40am Oct 5, 2007 7:40am
Huge upward revision... watch the dollar go! :-)

but yes.. I dont think its going to affect the long term trend too much..
  • #7
  • Oct 5, 2007 8:06am Oct 5, 2007 8:06am
Quoting Clusterwise
no surprises today

technical analysis discover the fundementals

the result would be bad for the USD, don't buy USD

Many thanks
wow.. excellent prediciton
i hope you still have your account.
  • #8
  • Oct 5, 2007 8:36am Oct 5, 2007 8:36am
Quoting FXStudent
wow.. excellent prediciton
i hope you still have your account.

now it's the time to buy the pound , and through the dollar , 2.0350

Target is 2.0500

Stop loss is 2.0310


many thanks
  • #9
  • Edited 11:46am Oct 5, 2007 8:41am | Edited 11:46am
Quoting FXStudent
wow.. excellent prediciton
Elliott Wave traders are never wrong - they just relabel.

By the way, it's bad karma to make fun of someone's loss.
  • #10
  • Oct 5, 2007 11:39am Oct 5, 2007 11:39am
The answer is simple.

If most of people say "long", then you should go "short".
If most of people say "short", then you should go "long".

That's it.
  • #11
  • Oct 5, 2007 1:01pm Oct 5, 2007 1:01pm
Quoting SomedayIwill
The answer is simple.

If most of people say "long", then you should go "short".
If most of people say "short", then you should go "long".

That's it.
or not
  • #12
  • Last Post: Oct 5, 2007 4:09pm Oct 5, 2007 4:09pm
Quoting SomedayIwill
The answer is simple.

If most of people say "long", then you should go "short".
If most of people say "short", then you should go "long".

That's it.
Good plan.. its a very bad idea to do what the majority do!
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