Comments on: USD shorts: When’s a good time to panic?

By: Mike

Mike — Thu, 23 May 2013 05:25:10 +0000

I don’t think FED will continue QE forever. It’s just feeding the bubble, time to let the market find its own animal spirit.

By: Sean Lee

Sean Lee — Thu, 23 May 2013 04:21:22 +0000

Hi Kirill, I have difficulty jumping in mid-trend simply from a psychological perspective.

By: Kirill

Kirill — Thu, 23 May 2013 03:55:26 +0000

Sean, you are more often than not a contrarian… I am cobtemplating long pound ideas, but the only reason I see at the momement that aud and nzd are in a worth shape… i wonder is simple playing of USD strrength through something like nzd/usd could be a more sesnsible play?

By: Sean Lee

Sean Lee — Thu, 23 May 2013 03:42:30 +0000

Thks Serga, makes a lot of sense what you say. I certainly won’t be long anymore if it falls to 145

By: SergaNet

SergaNet — Thu, 23 May 2013 03:39:53 +0000

Greetings, Sean! I see it sooner buy a pound in the medium term, the goal of 1.45 1.40 and possibly and from there followed a u-turn. Still keep sales and add sales growth. What do you think will give a boost to the pound, in my opinion it could be the coming of Marka Carney in the Bank of England, when he came to the Bank of Canada, then turned the canadian dollar. Good luck to you!

By: Pete

Pete — Thu, 23 May 2013 02:39:19 +0000

Very pertinent topic, Sean. I am also holding long on GBP. I believe that recent downturn in GBP is due to strength in USD rather than real hard fall in GBP. if we compare the fall of GBP against USD with other currencies against USD, the fall is quite even in all, including GBP. I will keep on building Long positions on GBP and am ready to go with fall upto 1.48. I hope that once this cyclone of USD buying will settle down a bit, the ascent of GBP will be in a straight line up. Besides, as you mentioned so many times that GBP can easily move upto 1000 pips in crosses without even loosing its bearish bias. Anyways, I am keen to watch the GDP numbers tonight 🙂

By: Sean Lee

Sean Lee — Thu, 23 May 2013 02:17:22 +0000

Thanks Jonas, great to hear from you. Despite all the noise, Bernanke has no option but to continue with plenty of QE. There is no alternative. If he pulls funding the US services industries will collapse very quickly and unemployment will shoot up. Rhetoric aside, QE is here to stay and any big big USD rallies are selling opps and any Gold dips are big buys imho. Short-term stay long USD but this trend will only last few months I’d say

By: Jonas

Jonas — Thu, 23 May 2013 02:08:15 +0000

Hi Sean, Great site! glad you did not stop sharing your views after leaving Forexlive as your opinion is one I highly regard. What is your take on Bernanke and the FOMC minutes last night. Where do you think the strength and weakness will come from. I know its bearish for gold and bullish for USD but any other thoughts? Thanks.

By: dok

dok — Thu, 23 May 2013 01:51:51 +0000

hopefully EUR/USD will not trade in 500 pips 1.25/1.30 as i am looking forward price to visit lower level, my target is quite aggressive 🙂 but i am agree USD/CHF above parity