Shorting The Dollar...

[Timm]

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.

[_w_]

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.

[R K]

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.

[Guest_FaFa!_*]

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.

[Realistbear]

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

[Killer Bunny]

Classic 100% on the buttton contrarian timing.

[Deckard]

Classic 100% on the buttton contrarian timing.

+1

[Deckard]

Bumpity bump

[neil324]

Bumpity bump

Any significant fall in stocks will see a rise in the Dollar.

[gravity always wins]

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.

[Killer Bunny]

Any significant fall in stocks will see a rise in the Dollar.

Its the other way around. $ has bottomed for months.