Opinions of USD.

When do members think the USD is going to gain some strength back?

This is a very hard question to answer...In my opinion, watch out before the ECB raises rates, the USD will start to gain some strength...


Thanks,

Nader

Good question. I was just thinking the same thing. I think that this mornings lack of rally of the news suggests to me that the general market psychology is still very $$$ negative. I think today if anything we will see a bit of profit taking. We need to see some news that is over whelming convincing that the economy is still real hot and needs the brakes put on. Personally, I beleive the FED is going to keep putting up rates another 50-75 basis points....but so far the market doesnt think so. Until the markets behavior changes, i guess we will still make trades based on a negative $ sentiment.

Narafa


I would tend to agree, but it dont think the market is really looking at the ecb rates at the moment. If anything, the ECB rate hike or pause would cause a brief pop, but it would not be enough to kill the trend.

I think, if you start a thread like that and askin' questions, you should open
it with your opinion.

Otherwise it's quite useless in my humble opinion to other traders.

regards,

Tony

Sunday night - Monday morning.

Could be wrong, but after 4 solid weeks of downward movement were getting a little long in the tooth. Most pairs have moved close to or exceeded 1000 pips without a correction. The only target that hasn't been taken out is the 1.3 eur/$. All the other pairs have hit or exceeded their initial targets and I think were due for some significant profit taking.

i think, CAD will probably show a bit weakness next week, so, im looking to go long on usdcad and eurcad and short on cadyen....usd could gain against aud...so, rather then shorting eurusd im looking to short audusd or nzdusd...just my eyes..

btw, dont forget, that the us-stock market might be coming down hard next week..dont know, how this might influenc the usd ?

Here is how I thought it might work....

When we are close to an ECB meeting and people are 80% sure there would be a rate increase for the Euro, they will start questioning the trend...I mean, they will start thinking, now if the rates of the Euro goes up by a quarter point, it means that the pair should go up and it has already gone up too far too fast, so it would be a very good idea to take profit selling the news when the ECB increases rates this time...

Got my point??


Thanks,

Nader

I asked because I have no idea. That's what the forums are for...for members to ask questions and get help from other members. I'm not going to misled other members with answers that I am not sure of.

Other members...thanks for your opinions.

In my opinion, euro is going up...and up...and the trend was and is up...
there is nothing really there to support the dolar anymore...i mean take today...mucg better trade deficit number and what happened?? brief boost for dolar and that was it....then , take the latest FOMC statement...less dovish than market anticipated and what happens again??? brief dolar boost and then thats it....

it will be interesting to see the next weeks CPI and PPI figures but once again I am not convinced that they will move the dolar in the bulls direction...

I think euro is very close to 1.30 levels and then maybe 1.32? I just think that what with Iran situation which goes nowhere (well anyway it goes in a way where American goverment wishes...to make another Iraq..) , high oil prices, huricane season coming up, talk about dolar diversification to euros, generally global imbalances, there is not enough positive sentiment to start dolar rally and put an end to euro strength...

yeah for sure we shall see a slight consolidation (only small I reckon) and then more apetite for euros, which will eventually reach new highs of 2006 and 2005 and then who knows???