#1
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Predict the direction of the Dollar thread
Lets hear some opinions for the next week and month. Use the DXY or your favorite pair.
EUR/USD. I think the dollar bottoms out next week after the coming rate cut, especially if we get 50 rather than 25. I'd say 1.45 might be a good spot to try and catch a major reversal in the dollar. Thoughts? |
#2
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Re: Predict the direction of the Dollar thread
I don't really care which way it goes as long as I'm on right side following the major trend.
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#3
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Re: Predict the direction of the Dollar thread
[ QUOTE ]
Lets hear some opinions for the next week and month. Use the DXY or your favorite pair. EUR/USD. I think the dollar bottoms out next week after the coming rate cut, especially if we get 50 rather than 25. I'd say 1.45 might be a good spot to try and catch a major reversal in the dollar. Thoughts? [/ QUOTE ] Why would it bottom out and why would it reverse? I think it keeps dropping if there's a 50 bps cut. Maybe thrashes where it is on a 25 bps cut. |
#4
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Re: Predict the direction of the Dollar thread
trends dont last forever, thats why theyre called trends and why theyre even possible. sheessh.
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#5
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Re: Predict the direction of the Dollar thread
Dollar has another 50% to drop on the USDX.
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#6
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Re: Predict the direction of the Dollar thread
[ QUOTE ]
trends dont last forever, thats why theyre called trends and why theyre even possible. sheessh. [/ QUOTE ] Trends keep going until something stops them. That's why they're called trends. Sheesh. |
#7
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Re: Predict the direction of the Dollar thread
you think the dollar will get stronger if the fed creates more credit (more dollars)? I don't get it.
I mean it's pretty obvious fed/gov have decided to tank the dollar to and keep rates low, rather than have high rates and stronger dollar. |
#8
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Re: Predict the direction of the Dollar thread
I think USD will continue to go down
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#9
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Re: Predict the direction of the Dollar thread
[ QUOTE ]
Lets hear some opinions for the next week and month. Use the DXY or your favorite pair. EUR/USD. I think the dollar bottoms out next week after the coming rate cut, especially if we get 50 rather than 25. I'd say 1.45 might be a good spot to try and catch a major reversal in the dollar. Thoughts? [/ QUOTE ] i think this would be a far better bet vs. the pound. germany remains a powerhouse. britain, on the other hand, is fairly fragile at this point and after the next rate cut (as i mentioned in the other thread), i'd look to short the GBP/USD pair. fundamentally it is a much better bet. Barron |
#10
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Re: Predict the direction of the Dollar thread
This economy is in terrible shape and you can thank the government and Fed for it. It will continue to decline.
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