Dollar Support Politically driven???? | Forex Factory

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Dollar Support Politically driven????

  • #1
  • First Post: Aug 29, 2006 12:19pm Aug 29, 2006 12:19pm
I trade love to trade the USD/CHF. The Franc has had some serious support at 1.22. Also, I use this example because it most mirrors the dollar index. I have a theory that it is being held up by ?????

I believe that 1.22 is being supported as a barrier to protect 1.19. I believe the goal is to keep the dollar above 1.19 till after the november elections.
After all, we have a strong dollar policy.

Is this a a crazy consiracy theory. What do you think???
Profit is where readiness meets Opportunity
  • #2
  • Aug 29, 2006 12:29pm Aug 29, 2006 12:29pm
So who is the mysterious person(s) that can afford to support this policy?

We have a strong dollar policy? Against what? The Peso? Wouldn't a strong dollar hurt the trade balance by encouraging additional imports? Who does it help? Republicans or Democrats? Does anyone vote in a non-presidential year?

Was the moon landing filmed in a studio?
  • #3
  • Aug 29, 2006 12:37pm Aug 29, 2006 12:37pm
Quoting FXopportunist
Is this a a crazy consiracy theory. What do you think???
Yep...it's crazy.
  • #4
  • Aug 29, 2006 12:39pm Aug 29, 2006 12:39pm
Quoting mrmikal
Yep...it's crazy.
LOL
Profit is where readiness meets Opportunity
  • #5
  • Aug 29, 2006 12:46pm Aug 29, 2006 12:46pm
Quoting philmcgrew
So who is the mysterious person(s) that can afford to support this policy?

We have a strong dollar policy? Against what? The Peso? Wouldn't a strong dollar hurt the trade balance by encouraging additional imports? Who does it help? Republicans or Democrats? Does anyone vote in a non-presidential year?

Was the moon landing filmed in a studio?
You really don't know the answer to any of those questions???
HMMMMMM... I think that last one might have been rhetorical

Hello phil,

Who? not as interesting as HOW.

You would have to ask "W" about the Strong dollar policy. It is his repeated anthem.

As for voting, most sheeple don't vote ever. They just trust that it will all be alright. I guess they wouldn't know if it wasn't.
Profit is where readiness meets Opportunity
  • #6
  • Aug 29, 2006 12:53pm Aug 29, 2006 12:53pm
90% of all currency trades in the world involve the USD. That's a lot of people to get together to support your theory.

The American consumer doesn't give a crap about the dollar policy as long as we can pull out home equity and buy stuff (or gamble on forex...LOL). The EURO has gone up 5200 pips since 2000. Where's the strong dollar?
  • #7
  • Aug 29, 2006 1:28pm Aug 29, 2006 1:28pm
Quoting philmcgrew

The American consumer doesn't give a crap about the dollar policy as long as we can pull out home equity and buy stuff (or gamble on forex...LOL).
HAAAAAAAAAAAA!!!!
I say that all the time!!
too funny.
Profit is where readiness meets Opportunity
  • #8
  • Aug 29, 2006 2:32pm Aug 29, 2006 2:32pm
Quoting philmcgrew
90% of all currency trades in the world involve the USD. That's a lot of people to get together to support your theory.

The American consumer doesn't give a crap about the dollar policy as long as we can pull out home equity and buy stuff (or gamble on forex...LOL). The EURO has gone up 5200 pips since 2000. Where's the strong dollar?
Right you are!
China's economic weight is beginning to shift. They're buying lots of dollars. India is going to become more dominant (like a mother in law - not mine maybe more so than the Yen.
For the US economy to prosper in the near future the dollar will have to get gradually weaker.

trade on - up or down who cares, as long as it's movin'
  • #9
  • Last Post: Aug 29, 2006 2:58pm Aug 29, 2006 2:58pm
Quoting KudzuFX
trade on - up or down who cares, as long as it's movin'


When I meet people who then ask what I do I'm almost always asked "So where is the dollar headed?".

I reply "I have no idea. Possibly up but maybe down. As long as it moves either is ok with me.".

It's usually not the answer they are looking for.
Secret Identity: Bill Sullivan
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