That seems kinda ODD doesn't it.
Just observing
maybe the U.S. just needs more shittier numbers to boost currency
Just observing
maybe the U.S. just needs more shittier numbers to boost currency
taking series 3 and 34
- #2
- Apr 13, 2007 10:03am Apr 13, 2007 10:03am
- Joined Mar 2004 | Status: Magic Man | 3,220 Posts
Relax and be happy.
Well... I'm not a "seasoned pro" either.
But my view of the matter is the following:
USA is less dependent on imports (most of which, of course come from Japan, China, etc.) - we all know that USA is pressuring China to let juan float freely and not keep it's value down by chinese government (increases chinese exports).
With smaller deficit in imports/exports, USA has less exposure to i.e. China, which is good for the dollar, also good for the dollar is a healthy PPI (we don't want it too healthy of course
Why everything started happening after Consumer sentiment being published - easy ppl waited to be sure, that nothing goes terribly wrong - I agree with Merlin on that 100%.
That's when the orders started going in.
Basically this not only means better dollar, but weaker YEN, hence GBP and EUR bullish in this pair... (and EUR, GBP and USD are very connected).
That's my opinion and view. Seems that many cashed in on the trades already (if we check the USDJPY and GBPJPY).
But my view of the matter is the following:
USA is less dependent on imports (most of which, of course come from Japan, China, etc.) - we all know that USA is pressuring China to let juan float freely and not keep it's value down by chinese government (increases chinese exports).
With smaller deficit in imports/exports, USA has less exposure to i.e. China, which is good for the dollar, also good for the dollar is a healthy PPI (we don't want it too healthy of course
Why everything started happening after Consumer sentiment being published - easy ppl waited to be sure, that nothing goes terribly wrong - I agree with Merlin on that 100%.
That's when the orders started going in.
Basically this not only means better dollar, but weaker YEN, hence GBP and EUR bullish in this pair... (and EUR, GBP and USD are very connected).
That's my opinion and view. Seems that many cashed in on the trades already (if we check the USDJPY and GBPJPY).
Greed and impatience are our greatest enemies.
.