Dislikedyou guys in ? or waiting for the positive news at 5 EST / or Bernake's talk at 9am tonite?Ignored
Pete.... I got in at 1.5486 on the break of 1.5500 and then the 4hr trend line bounce.
Jacko's Forex House of Pleasure and Pain
is a good entry point 
wish I had the foresight to get in when the price was at the 1.5400s
wish I had the foresight to get in when the price was at the 1.5400s Thanks for the welcome folks...
Pete.... I got in at 1.5486 on the break of 1.5500 and then the 4hr trend line bounce.
I believe 1.5450 ( 50's level) is the bottom for today tho, loads of big buyers will be bargain hunting here
Forex - Bernanke comments lift dollar UPDATE
2008-06-03 14:21 UTC (GMT)
(Update recasts and adds analyst comment)
LONDON (Thomson Financial) - The dollar got a boost after Federal Reserve Chairman Ben Bernanke startled markets by making pointed comments on the inflationary impact of the dollar's recent falls.
Ashraf Laidi at CMC Markets said Bernanke's remarks on the inflationary repercussions of the weak dollar are 'a relatively rare explicit reference' and an 'emphasis to support the currency'.
'These remarks are interpreted as a major stepping up of inflationary vigilance by the Fed Chairman, which should play in the favour of the US dollar into the rest of the week,' he added.
Laidi believes the comments may be the start of something new. 'These remarks may also be part of the much talked about coordinated steps between US and Europe to bring about stability in the U.S. currency.'
The euro slipped to $1.5461 from just a shade under $1.56 on the news.
Additionally, high oil and commodity prices along with higher inflation expectations have been widely predicted to prevent any more rate cuts in the U.S.
The Fed is almost universally expected to hold rates steady at its next meeting on June 24 to 25, having lowered interest rates steadily to 2.00 percent from 5.25 percent since late 2007.
Forex - Bernanke comments lift dollar UPDATE
2008-06-03 14:21 UTC (GMT)
(Update recasts and adds analyst comment)
LONDON (Thomson Financial) - The dollar got a boost after Federal Reserve Chairman Ben Bernanke startled markets by making pointed comments on the inflationary impact of the dollar's recent falls.
Ashraf Laidi at CMC Markets said Bernanke's remarks on the inflationary repercussions of the weak dollar are 'a relatively rare explicit reference' and an 'emphasis to support the currency'.
'These remarks are interpreted as a major stepping up of inflationary vigilance by the Fed Chairman, which should play in the favour of the US dollar into the rest of the week,' he added.
Laidi believes the comments may be the start of something new. 'These remarks may also be part of the much talked about coordinated steps between US and Europe to bring about stability in the U.S. currency.'
The euro slipped to $1.5461 from just a shade under $1.56 on the news.
Additionally, high oil and commodity prices along with higher inflation expectations have been widely predicted to prevent any more rate cuts in the U.S.
The Fed is almost universally expected to hold rates steady at its next meeting on June 24 to 25, having lowered interest rates steadily to 2.00 percent from 5.25 percent since late 2007.
Anyone know what caused the recent fall.
- #4,016
- Jun 3, 2008 9:39am Jun 3, 2008 9:39am
- | Membership Revoked | Joined Dec 2005 | 2,298 Posts
Same Whore .... Different Dress
- #4,018
- Jun 3, 2008 10:42am Jun 3, 2008 10:42am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Anyone know what caused the recent fall.
http://forexfactory.com/showpost.php?p=2026219&postcount=3967
