Don't Jump in Too Early It is still early so I'm not going to jump in too early. Ideally, I would like to see some accompdative economic data to be confident in dollar bullishness. Like a skyrocketing trade balance, or data indicating economic growth. Will Inflation Make a Comeback? If inflation experiences a slight resurgence then that could put upward pressure on the dollar as the open m...
$Japanese Yen Futures(JUN5) (6Jmain.US)$ Macro Update Over the weekend, the Bank of Japan Governor Kazuo Ueda said that the central bank could end its negative interest rate policy when the 2% inflation target is sustainability achieved. He added that the BOJ could have enough data by the end of the year to determine whether it can proceed with policy changes. Yen futures are reacting strongly to start off the week in japanese bond and forex markets. The yen has taken a beati...
Winnerspayout
:
Amazing how I get notice of the QQ QQ QQ could not find its report anywhere even got a badge of it then it was just vanished I even asked advisor to get intouch with as well as I called in spoke with someone nothing until now .
$Japanese Yen Futures(JUN5) (6Jmain.US)$ The Japanese Yen experienced a very bullish day Last Friday. One of the most bullish days it has had in quite some time. This was caused by news headline coming from the Bank of Japan. The BOJ is going to intervene in the FX markets to support the japanese yen. This strengthened the yen big time by creating artificial demand for the yen which added to the bearishness of the US dollar on Friday. All of the other...
solo invest
:
Yea this barely affected the markets last month. I doubt investors will have any confidence in the BOJ with the central bank still stimulating the economy. I wonder if all of the other major currencies were rising just because of this catalyst as well. Like maybe this news brought down the dollar enough to cause the momentum to bring up the other currencies. I mean i cant point out why every other currency was ripping like crazy. It seems like it was simply because the dollar was dropping. Was japan the only catalyst? Or were there other Macro events or headlines that are not mentioned here? I didn’t see anything else myself. I’m just wondering… What do yo think of this post @iamiam??
iamiam
solo invest
:
this is a fed pivot play. There were FED pivot rumors from a convenient WSJ article at 8am (the FED has entered lock down and they can't speak to refute the article). like the post says it came at a support level on the markets and resistance on the dollar and they broke the dollar as it was rallying (we were about to have a -300 nasdaq market day). My guess is the dollar now falls back to the 50MA. Could the article be legitimate? sure, but I wouldn't bet on it.
SpyderCall
OP10167
:
I am always happy to share. I wouldn't short the dollar just yet. When economic conditions in europe improve then the value of the Euro will increase and that should hurt the US dollar. also when the Japanese government stops buying bonds to increase inflation then the Yen should increase in value and that should hurt the US dollar as well. if the Japanese government does this at the same time as the European economic conditions improving then the dollar should fall even more. but we have to wait for these two things to happen before we short the dollar in my opinion. there could be some other factors that might make the US dollar fall like if we have really bad economic data that releases. that is the only other way I could see the dollar falling
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$DB US Dollar Index Bearish Powershares (UDN.US)$
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The Dollar is Still Technically Bullish
Today was the first day in a while that showed possible dollar weakness. Technically, the dollar is still within its bullish vector that has held up the currency for a couple of months. So there is no urgent need to exit any bull...
It is still early so I'm not going to jump in too early. Ideally, I would like to see some accompdative economic data to be confident in dollar bullishness. Like a skyrocketing trade balance, or data indicating economic growth.
Will Inflation Make a Comeback?
If inflation experiences a slight resurgence then that could put upward pressure on the dollar as the open m...
Macro Update
Over the weekend, the Bank of Japan Governor Kazuo Ueda said that the central bank could end its negative interest rate policy when the 2% inflation target is sustainability achieved. He added that the BOJ could have enough data by the end of the year to determine whether it can proceed with policy changes.
Yen futures are reacting strongly to start off the week in japanese bond and forex markets. The yen has taken a beati...
The Japanese Yen experienced a very bullish day Last Friday. One of the most bullish days it has had in quite some time. This was caused by news headline coming from the Bank of Japan. The BOJ is going to intervene in the FX markets to support the japanese yen. This strengthened the yen big time by creating artificial demand for the yen which added to the bearishness of the US dollar on Friday. All of the other...
The US dollar index opened several basis points in the green this week. Looks like another bullish week for the US dollar. It also appears that the major indices will have a green week as well which might slow the dollars massive rise that it has been on.
The US dollar h...
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