Eur/Usd Traders

Quote from downrivertrader:

Personally, I think all good traders have a great deal of respect for fundamental analysis. The problem lies in the timing and most importantly the size of the stack of money needed to trade based on fundamental analysis. Do not be so quick to judge everyone here just because they trade technically. Also, I only minored in economics in college and quite honestly I do not fully understand how to interpret fundamental shifts totally. In my opinion, if you are profitable don't worry about what everyone else is doing. If you are a successful fundamental trader more power to you.

I wonder why you have to ask if a certain level is a good entry point. What does your fundamental analysis of the situation suggest?

And by the way, the EURO is going to at least 1.08. :p

DRT
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Im not refering to ET traders on tech ,, I have problems with entering i end up going through a rollercoaster ride fore a while before price moves in favor ! I am just never sucessfull with technical entry. unless convinced otherwise but this is my downfall entry timing i sometimes will get in at market or entrys and foreced to wait through it. nothing seems powerfull enough it seems does anyone have any suggesttions ?

1.08 seems like a awful far shot doward are you talking about eur/usd pair ?
 
Quote from forextiming:

Im not refering to ET traders on tech ,, I have problems with entering i end up going through a rollercoaster ride fore a while before price moves in favor ! I am just never sucessfull with technical entry. unless convinced otherwise but this is my downfall entry timing i sometimes will get in at market or entrys and foreced to wait through it. nothing seems powerfull enough it seems does anyone have any suggesttions ?

1.08 seems like a awful far shot doward are you talking about eur/usd pair ?
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I agree. 1.15 seems more like a sure thing.
 
Quote from cybmaniac:

Rising inflation is more of a reason to be long the dollar. Rising inflation will imply further rate hikes by the fed. Since all forex trading is based off of is interest rates (and rate expectations) this would cause a fall in the EUR/USD... But I agree, falling growth and the account deficits are definitely anti-dollar. But as long as there is a possibility of a rate increase, you'll see the dollar holding a little but of ground. What it does from there will depend upon future rate and growth expectations.
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Rising inflation in an economy with strong growth is a good reason to buy dollars. However when an economy is weakening it gives rise to the spectre of stagflation which is the worst possible scenario for a currency. Barclays has published some excellent research on the correlation between these factors recently.

With that said we can disagree and that is why there is a market. Certainly for the moment in the very short term strong inflation numbers will cause me yo buy dollars, I agree.
 
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