Comments on: USD outlook: Still fancy a higher USD in shortish term

By: Sean Lee

Sean Lee — Wed, 13 Feb 2013 05:52:33 +0000

Must’ve been a typo Matt 🙂

By: Matt the Third

Matt the Third — Wed, 13 Feb 2013 05:34:33 +0000

Did I just see Sean Lee comment on CAD!! Haha. I think you are on to something with dollar franc; I was too early and had to cut for a loss, but I still believe it will make a big move higher once those alpine accounts get emptied. Sticking to smash and grab CHFJPY shorts and EURCHF longs for the time being with small USDCHF positions as it seems to absolutely hate me!

MtT

By: Jack1

Jack1 — Wed, 13 Feb 2013 03:29:23 +0000

type wrong euro rise would damage inflation.

By: Jack1

Jack1 — Wed, 13 Feb 2013 03:27:59 +0000

another scenario is euro dropping and yen go flatting. Draghi said euro rise wouldn’t damage inflation expectation, which is the same reason or word BoJ used to weak yen. So, fundy driver set euro to drop to 1.26xx level.

By: zenfxtrader

zenfxtrader — Wed, 13 Feb 2013 02:07:10 +0000

The USD Strength is manifested 2 ways primarily: either higher EURUSD or higher USDJPY. I notice that over the past few months, when EURUSD moves strongly higher, USDJPY stands by the sidelines, and when USDJPY takes off higher EURUSD stands by the sidelines or drops marginally. This effectively keeps the DXY in a tight range. It looks like the next few days might be for EUR strength and USDJPY sideways.