Thread: Clear Signal: SELL Dollar

NAHB housing index: worst-than-expected
housing beginning: poor
building license: poor
PPI: poor
PPI-core: poor
interest rate increase: unlikely
dollar service: to war against who? (Not quite sure...)
Like what I have told you guys. . .sell the dollar, until you got dissapointed by another Terrible Troubles

Originally Posted by ;

I hate to say it, but this would blow around 3 pages of warm atmosphere expened on this thread by people who never even looked in a chart.

If we are able to stay constructive I'd love it. We can all degenerate in remarks but its not exactly what I've seen on FF.

The chart you article above hides the biggest daily drop from the currency since 2003. More than 1.3percent or thereabouts. Thats important no matter which way you chart it.

Originally Posted by ;

Think about it like this. You are president of a large bank in Thailand or any county. Your aunty rings you in the morning to wake you to whine that there are tanks rolling round the street below and she can't get any sleep. Can you:

a. Boost you're holding of thai currency?
B. Decrease you're holding of Thai currency?

Any bank over there will decrease their holding and invest in Eur, dollar, gold, sheep, farms, land, nuts, lego until they know whats happening. Once we know how the situation will pan out we'll all be back to normal and Mr. Bank manager can restart his beauty sleep.

Even bring it down to our level. If you were holding thai currency and gambling on a dollar decline (what is their currency anyway??!) What would you do????

Politics has always influenced currencies. Occasionally drasticallys sometimes just a few pips. Look at Paulsons speeches and the G7 summits and the uncertainity over Yen statements etc.. The Thai situation right now is comparable to this.

I guess it's a.

Originally Posted by ;

The chart you post over reaches the largest daily drop from the currency since 2003. Over 1.3% or thereabouts. Thats matter which way you chart it.

The chart doesn't hide anything (typical fundamental reaction. . .LOL). There were larger daily motions this season than occured today.

I dont follow. . .The dollar rose against the Baht significance that the Baht was SOLD...

Dunno concerning the Baht because my broker to get one surely doesn't allow trading it. . .as for the majors, virtually every pair I look at put in a dollar bullish pin bar or a bearish outside bar pro dollar in these past 8-10 hours, thanks to what doesn't matter, it's the result that's significant and what the charts tell us.
Not bloomberg or cnn or cnbc. Unless you would like to take signals off of the talking heads, that is...

Anyway, the trouble with really trading these setups is that tomorrow could make and break anything as readily, so imho regardless of which camp, both sides can explain what they want and interpret charts or speeches all they want, ultimately the market's simply gonna go where it's gonna go...
And that I do not think that it's been that terribly predictable lately or especially today, regardless of what people say...I mean christ, oil was up 50 cent then dove down to two $ lower than open for 250 pips total moved in a single afternoon....gold bashed down 17.5$....and this after they were at first signalling at least a brief term correction...
I think there's gont be quite a bit more pushing and shoving, but the commodity decrease nor the dollar rally is finished just yet, regardless of what the motive, no?
The questions is, will people get a very clear outlook after tomorrow...

Well, prolly not, understanding very good ole mumblejumble ben...

Someone awaken paulson and fukui...

117.15 a big deviation from the mean before USA open... hmm....and FOMC, wonder if it will ever trade back to 118, will be your dollar rally over?!

Range for today

117-118

mean is

117.5

117.20 nexxxxtttt....please.

117.20--117.40--117.50--1117.70--117.5

Compression, if it breaks 117.30 price bias shifts positive.