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Pumping the USD

  • #1
  • First Post: Feb 6, 2008 8:21pm Feb 6, 2008 8:21pm
How can people be pumping the dollar so hard after all it's been through? People are acting like it's reaching all time highs against the majors or something.
  • #2
  • Feb 6, 2008 8:34pm Feb 6, 2008 8:34pm
It's close to reaching all-time lows and likely a bottom sometime this year.

The problem is that some people have been calling a bottom for a few months now. Technically, however, we still haven't reached new lows in 2008 so maybe they were right after all.
  • #3
  • Feb 6, 2008 8:40pm Feb 6, 2008 8:40pm
Cause my Friend.. All the games all the subprime issues has been utmost finished in US.. or about to..
Next in Lane is EUROPE.. and many banks are expecting to show Huge LOSSES.. which is impacting.
And as well USD$ index reached the major support too.. So its turning upside...
this whole week is favorable to USD
  • #4
  • Feb 6, 2008 8:50pm Feb 6, 2008 8:50pm
Maybe the dollar is "oversold" against the majors, but it's weakening against a lot of other less noticeable currencies. Where's the bottom of the dollar weakness? Europe does very little trade with US as a part of it's [EUROPES] GDP, a slowdown in USD won't be a real economic setback for them compared to Canada or Mexico. Eurozone is experiencing a slowdown in growth, but nothing catastrophic.

Two, three weeks ago the analyst were screaming, EUR to 1.50 plus, and AUD to the basement. What about Oil to $120 and Gold to $1000??

Is this Dollar strength press a bunch of hype? What will be next weeks hype?
  • #5
  • Feb 6, 2008 8:54pm Feb 6, 2008 8:54pm
Quoting jacobtrader
Cause my Friend.. All the games all the subprime issues has been utmost finished in US.. or about to..
Next in Lane is EUROPE.. and many banks are expecting to show Huge LOSSES.. which is impacting.
And as well USD$ index reached the major support too.. So its turning upside...
this whole week is favorable to USD
Subprime in US is not over - the effects on the economy will just get worse into 2009. I expect Euro losses to be minor. Support? it's just another all time low. The Euro is the new flight to safety.
  • #6
  • Feb 6, 2008 11:14pm Feb 6, 2008 11:14pm
Sounds to me like a whole lot of wishful thinking on your part and/or being stuck in a losing trade. Why even care why its doing what its doing. Just trade the bloody thing based on what the charts are telling you and stop worrying about the "why?".

The Euro isn't the be all and end all of everything. You think the US has problems? LOL! You ain't seen nothing yet. You folks really need to get off your nationalistic high horses and start dealing with your trading in an objective manner...
  • #7
  • Feb 7, 2008 3:12am Feb 7, 2008 3:12am
Quoting TIckerShuffl
Maybe the dollar is "oversold" against the majors, but it's weakening against a lot of other less noticeable currencies. Where's the bottom of the dollar weakness? Europe does very little trade with US as a part of it's [EUROPES] GDP, a slowdown in USD won't be a real economic setback for them compared to Canada or Mexico. Eurozone is experiencing a slowdown in growth, but nothing catastrophic.

Two, three weeks ago the analyst were screaming, EUR to 1.50 plus, and AUD to the basement. What about Oil to $120 and Gold to $1000??

Is this Dollar strength press a bunch of hype? What will be next weeks hype?
why are you so impatient? do you have money locked up in a long position at 4932 or something? EU has to figure out how bad things are for them, how much "decoupling" is going on; and don't forget the Saudis... nobody wants a dollar dropping below 1.50 anytime soon.

We'll have to see if the Fed cuts continue and if they have any real effect or not. If those cuts don't have a significant effect on overall growth, the Feds will be in a real bind. And then everyone is going to run for the exits in a hurry.
  • #8
  • Feb 7, 2008 7:16am Feb 7, 2008 7:16am
no, long at 1.4650 - looking to add at 1.4492

Boggled by the talking heads on CNBC, who never talk about the dollar, reading their teleprompters and making sweeping and erroneous statements about the Dollar.
  • #9
  • Feb 7, 2008 7:21am Feb 7, 2008 7:21am
Quoting Turhovach
Sounds to me like a whole lot of wishful thinking on your part and/or being stuck in a losing trade. Why even care why its doing what its doing. Just trade the bloody thing based on what the charts are telling you and stop worrying about the "why?".

The Euro isn't the be all and end all of everything. You think the US has problems? LOL! You ain't seen nothing yet. You folks really need to get off your nationalistic high horses and start dealing with your trading in an objective manner...
Please. Why even care why it's doing what it's doing? Charts don't tell me anything about what's going to happen in a month. You have to look at both the technical and the underlying fundamentals. The Euro banks reporting lower earnings but no further subprime writedowns, thusfar with Deutchbank.

I am being patient, just trying to spur a little dialog with a compelling subject matter. I have nothing to worry about. If you want to make derogatory comments, suit yourself.
  • #10
  • Feb 7, 2008 7:54am Feb 7, 2008 7:54am
You're placing long positions on the Eur/Usd at the top. Where were you in the last 7 years?
  • #11
  • Feb 7, 2008 8:04am Feb 7, 2008 8:04am
Quoting michael7
You're placing long positions on the Eur/Usd at the top. Where were you in the last 7 years?
Hardly the top. The past seven years? Since the forex markets have only been accessible to smaller traders for a few years, I was trading equities seven years ago.

I just got my 1.4492 filled, I am ready for 1.54
  • #12
  • Feb 7, 2008 9:52am Feb 7, 2008 9:52am
Currencies have been available to retail traders since 1999. The first technical signs of growth and stability in the Euro occurred in 2001. My sell stop got activated at 1.4811.
  • #13
  • Last Post: Feb 7, 2008 10:03am Feb 7, 2008 10:03am
Quoting michael7
Currencies have been available to retail traders since 1999. The first technical signs of growth and stability in the Euro occurred in 2001. My sell stop got activated at 1.4811.
Actually since 1996, but not so widespread until recent years. Whatever man, I don't want to argue. Just trying to keep it civil.
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