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  • #1,111,021
  • May 17, 2017 6:36pm May 17, 2017 6:36pm
Quoting OhComeOn
{quote} Another reason for a weaker dollar is it decreases the value of the national debt. In addition, a currency to strong deflates the economy.
We export refined fuel, agriculture, meat, lumber, etc
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,111,022
  • May 17, 2017 6:46pm May 17, 2017 6:46pm
Quoting Nightingales
{quote} What exports are from the US, most consumer goods are imported and most US owned factories are abroad?
Yes its true that the US is importing more than they are exporting...but in order to achieve positive net exports they need a weaker dollar (because then more countries will buy from them due to their products are relativly cheaper)

countries abroad: doesn't matter where the factories are located, they are still US firms
https://twitter.com/BeauBuyer
  • #1,111,023
  • May 17, 2017 6:52pm May 17, 2017 6:52pm
Quoting ixam23
{quote} I'll try a explanation...Weak dollar is good for the exports of the U.S. and therefor for the economic growth it self... why european industries let the euro get stronger? well, most of exports of EU countries are exports to other EU countries...as a result they are not that dependent on foreign exchange rates than the U.S.

Quoting OhComeOn
{quote} Another reason for a weaker dollar is it decreases the value of the national debt. In addition, a currency to strong deflates the economy.

Quoting Starcraftmaz
{quote} They are manufactured overseas, but priced in USD. The company's profits are in USD - wherever they are sold, the money comes back to the USD.

Quoting OhComeOn
{quote} We export refined fuel, agriculture, meat, lumber, etc

Quoting ixam23
{quote} Yes its true that the US is importing more than they are exporting...but in order to achieve positive net exports they need a weaker dollar (because then more countries will buy from them due to their products are relativly cheaper) countries abroad: doesn't matter where the factories are located, they are still US firms
Okay, thanks for your replies and explanations.
  • #1,111,024
  • May 17, 2017 6:55pm May 17, 2017 6:55pm
1.10923 is first target for retrace 23.6%
  • #1,111,025
  • May 17, 2017 6:57pm May 17, 2017 6:57pm
Resistance @ 1.117 may hold let's see
  • #1,111,026
  • May 17, 2017 7:16pm May 17, 2017 7:16pm
I'm so happy and grateful now that the EURUSD has turned down.
  • #1,111,027
  • May 17, 2017 7:30pm May 17, 2017 7:30pm
Quoting skillz16
I'm so happy and grateful now that the EURUSD has turned down.
Its might only be a pause.
Special one
  • #1,111,028
  • May 17, 2017 7:44pm May 17, 2017 7:44pm
Quoting Nightingales
If Trump really wants a weaker dollar for what ever reasons, then, on the other side, why would the European Industries let the Euro get stronger… I don’t get it Anyway… of course… I’ll be stressing my trades more on buying only if the EUR reached 1.2200 or higher btw my sht triggered... [without expecting SL not to be hit] {quote}
Thats what I mentioned 2 times already. It's too many "Why" in this situation. Dragi ether correct it tomorrow or let it run higher. At least all dollar pairs suggesting continuation.
  • #1,111,029
  • May 17, 2017 7:45pm May 17, 2017 7:45pm
Quoting skillz16
I'm so happy and grateful now that the EURUSD has turned down.
Where exactly you see turning down? Turn your desktop upside down!
  • #1,111,030
  • May 17, 2017 8:03pm May 17, 2017 8:03pm
Quoting denisius
{quote} Thats what I mentioned 2 times already. It's too many "Why" in this situation. Dragi ether correct it tomorrow or let it run higher. At least all dollar pairs suggesting continuation.
Ok bro… let's see what his reaction would be to this
  • #1,111,031
  • May 17, 2017 8:04pm May 17, 2017 8:04pm
Quoting skillz16
I'm so happy and grateful now that the EURUSD has turned down.
OR, A chance for Shorts to come to their senses and save their A$$??
  • #1,111,032
  • May 17, 2017 8:10pm May 17, 2017 8:10pm
I am shaving 10-20 pips all day from USDJPY. Have no clue when it stops. Funny trading. But it's just keep going down.
  • #1,111,033
  • May 17, 2017 8:23pm May 17, 2017 8:23pm
Baby got back, no significant bears at the moment bears have been crushed they never attempted to jump in
  • #1,111,034
  • May 17, 2017 8:51pm May 17, 2017 8:51pm
I think we finally found first stop. Around 1170. Which is good for those who like to sell it. I think market put a lot of hopes for Dragi tomorrow. High volatility is expected. I am personally like to sell it here, but since there is no logic here I will wait what is going to happen after Dragi. What seems to me this pair can go higher. I think long term positions Wilber partially closed ahead of Drag and after that it may will continue to go up. Break below 1017 will create range in which E is going to sit for a while until Trump will fucks up something again. At least all my pairs slows down at same time. Few suggested reversal. Good luck everyone and good night!
  • #1,111,035
  • May 17, 2017 9:12pm May 17, 2017 9:12pm
Short @ 1.1153 but not trusting this reversal gl to anyone else going for this.
  • #1,111,036
  • May 17, 2017 9:29pm May 17, 2017 9:29pm
Quoting eCOBB22
Short @ 1.1153 but not trusting this reversal gl to anyone else going for this.
You don't trust that it's going to reverse and yet you short it.
Mind = Blown by the logic
Searching for some order in these apparent chaos...
  • #1,111,037
  • May 17, 2017 9:31pm May 17, 2017 9:31pm
Just closed this last one. About 6.3% net gains today. Risked 1% and 2% per trade respectively. Not shabby and good entries with tight stops.
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  • #1,111,038
  • May 17, 2017 10:02pm May 17, 2017 10:02pm
Quoting Speedhastey
{quote} You don't trust that it's going to reverse and yet you short it. Mind = Blown by the logic
Focusing on the fact it's been trending up 3 days straight. A 4th would be surprising but not out of the realm of possibilities this is why I don't trust it but going for it
  • #1,111,039
  • May 17, 2017 10:05pm May 17, 2017 10:05pm
The E/U remains strongly bullish for now, if you do not have a bullish plan to trade stand back for now, if you're already in short, good luck to you cause no one knows what could happen next. I don't give or fix targets because all that is dynamic but i will update when i see bears on a more certain setup.
Fundamentals are nothing but lagging excuses!
  • #1,111,040
  • May 17, 2017 11:33pm May 17, 2017 11:33pm
Quoting denisius
I think we finally found first stop. Around 1170. Which is good for those who like to sell it. I think market put a lot of hopes for Dragi tomorrow. High volatility is expected. I am personally like to sell it here, but since there is no logic here I will wait what is going to happen after Dragi. What seems to me this pair can go higher. I think long term positions Wilber partially closed ahead of Drag and after that it may will continue to go up. Break below 1017 will create range in which E is going to sit for a while until Trump will fucks up...
Any dip is a buy, Draghi can't talk down the EUR forever.
"Where you want to be is always in control, never wishing, always trading.
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