it reached a reversal level, now the waiting is to see if that is a real reversal or a fake-out.
Maria
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Either a BLACK TUESDAY, or Emergency Cut
- Thread starter JJ2000426
- Start date
it reached a reversal level, now the waiting is to see if that is a real reversal or a fake-out.
Maria
Quote from JJ2000426:
Pure nonsense, Lon Eagle. You can not claim the same reason for the previous dollar rally and then now for the dollar fall in the last hour.
The previous dollar rally was because TPTB jack it up to have some room for fall. Now the dollar fall back, as well as European stocks rally up from their open lows, is that some one got the clue that there WILL be an emergency rate cut before US open tomorrow.
I am damn sure that will happen. The European market has already responded that way.
Time to buy precious metals tomorrow. PAL, SWC, PAAS, SLW, SLV, SSRI, GG.
This is the last time I will respnd as to be honest I get more sense out of my 9 year old son.
It is the exact same reason so the same same rational but whereas before the market was tanking it has now rallied.
Yesterday and first thing this morning equities were tanking and so the carry trades tanked. so dollar yen fell whilst the dollar rallied against the euro and sterling. After all if you want to sell euro yen then it is easiest to sell dollar yen and euro dollar.
In the past hour the exact opposite has happened and equities have rallied hard. The Ftse for example has rallied over 300 ticks. So Carry trades have surged. Hence the dollar has weakend againsty the euro and the pound but strengthened against the yen.
Anotherwaors the exact same explanation can be given for the dollar moves yesterday, first thing this morning and again in the ast hour. It is all entirely rational.