Timm Posted March 8, 2011 Report Share Posted March 8, 2011 Sorry if this has been posted already. [/url] http://www.ft.com/cm...144feab49a.html Apparently "Hedge funds and forex dealers are betting record amounts against the dollar" For those that can't get past the FT paywall: http://moneymorning....ing-the-dollar/ Driving Down the Dollar Speculators hit the currency markets and have thrown down record amounts of money against the U.S. dollar by short selling the currency. "We may be seeing a turn in the longer-term outlook for the dollar - for the worse," Kit Juckes, head of foreign exchange strategy at Société Générale, told The Financial Times. The U.S. Federal Reserve's easy money policies and the more than $14 trillion in U.S. debt have helped lead investors away from the dollar. Short dollar positions climbed to 281,088 contracts the week of March 1 from 200,564 the week ending Feb. 22, according to figures from the Chicago Mercantile Exchange (CME). That puts the value of bets against the dollar on the CME to a record high of $39 billion, up 30% from the week prior. The dollar index, with compares the dollar to a basket of six other currencies, fell to a four-month low Monday, down 0.2% to 76.215. Investors are also more optimistic on the euro's prospects versus the dollar than they were months ago. The currency last week rose to a four-month high against the dollar of $1.3997, up nearly 9% from January. "Dollar bears have become a marauding horde," David Watt, an analyst with RBC Capital Markets, told the FT. Quote Link to post Share on other sites
_w_ Posted March 8, 2011 Report Share Posted March 8, 2011 Sorry if this has been posted already. http://www.ft.com/cm...144feab49a.html Apparently "Hedge funds and forex dealers are betting record amounts against the dollar" For those that can't get past the FT paywall: http://moneymorning....ing-the-dollar/ How predictable: the FT proudly announces the dollar is falling once it reaches the bottom of its range. I've been surprised by the lack of media spin, it usually gets started just before a bottom is reached. This indicates the dollar may have a little more to fall before all FT readers lose their shirts when the dollar bounces back. The next few days will tell I guess. Quote Link to post Share on other sites
R K Posted March 8, 2011 Report Share Posted March 8, 2011 How predictable: the FT proudly announces the dollar is falling once it reaches the bottom of its range. I've been surprised by the lack of media spin, it usually gets started just before a bottom is reached. This indicates the dollar may have a little more to fall before all FT readers lose their shirts when the dollar bounces back. The next few days will tell I guess. Indeed. Can't beat a good old fashioned bear trap. Quote Link to post Share on other sites
Guest_FaFa!_* Posted March 8, 2011 Report Share Posted March 8, 2011 How predictable: the FT proudly announces the dollar is falling once it reaches the bottom of its range. I've been surprised by the lack of media spin, it usually gets started just before a bottom is reached. This indicates the dollar may have a little more to fall before all FT readers lose their shirts when the dollar bounces back. The next few days will tell I guess. The EURUSD is the one I follow/trade in my forex trading hobby (not especially successfully, but that is another story). The EURUSD certainly looks to have put in at least a short term top as it had come off the bolly band top and the standard indicators look overbought. That and the 140 plus range was the top last year, it doesn't exactly look like a screaming buy to me. Quote Link to post Share on other sites
Realistbear Posted March 8, 2011 Report Share Posted March 8, 2011 How predictable: the FT proudly announces the dollar is falling once it reaches the bottom of its range. I've been surprised by the lack of media spin, it usually gets started just before a bottom is reached. This indicates the dollar may have a little more to fall before all FT readers lose their shirts when the dollar bounces back. The next few days will tell I guess. $ up vs. the Euro and the Pound today. This must have been a reverse pump and dump to see if they could get enough dumb arhs traders to fall for it. Euro =1.39092 £ = 1.61588 Quote Link to post Share on other sites
Killer Bunny Posted March 8, 2011 Report Share Posted March 8, 2011 Classic 100% on the buttton contrarian timing. Quote Link to post Share on other sites
Deckard Posted March 8, 2011 Report Share Posted March 8, 2011 Classic 100% on the buttton contrarian timing. +1 Quote Link to post Share on other sites
Deckard Posted March 10, 2011 Report Share Posted March 10, 2011 Bumpity bump Quote Link to post Share on other sites
neil324 Posted March 10, 2011 Report Share Posted March 10, 2011 Bumpity bump Any significant fall in stocks will see a rise in the Dollar. Quote Link to post Share on other sites
gravity always wins Posted March 10, 2011 Report Share Posted March 10, 2011 Any significant fall in stocks will see a rise in the Dollar. Saudi Police fire on protestors today and so it begins. Maybe the future oil price might do for the dollar and stocks all in one go. Quote Link to post Share on other sites
Killer Bunny Posted March 10, 2011 Report Share Posted March 10, 2011 Any significant fall in stocks will see a rise in the Dollar. Its the other way around. $ has bottomed for months. Quote Link to post Share on other sites
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