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Majors by year's end
- Thread starter Chood
- Start date
Quote from Chood:
USD rising last few days vs YEN and Euro. This week's news -- US consumer sentiment and home sales (which meet definition of "next data points" in message above, from last week) -- changed the expectations.
Payrolls this Friday likely to be the most influential that numberâs been in awhile. A strong consensus estimate met, or a surprise high of a tepid consensus, would push dollar above 118 yen with room to spare for awhile. Likewise, 150 Euro/yen becomes the floor, not the top.
A reminder to those playing at home: "ALL ABOARD!"
Unemployment falling, and wage growth above trend.
Unemployment falling, and wage growth above trend.
Quote from Chood:
I foresee USD rising to 122 Yen by year's end, and Euro falling to 1.24 or so. I'd like a colloquy on the reasons why or why not these prices will obtain in the next 3 months or so.
Prediction below, from last Tuesday, is bearing up pretty well. I see no reason for dollar to retreat prior to further advances. To be sure, versus the yen, I'm wagering the direction is one way for awhile.
Quote from Chood:
Payrolls this Friday likely to be the most influential that numberâs been in awhile. A strong consensus estimate met, or a surprise high of a tepid consensus, would push dollar above 118 yen with room to spare for awhile. Likewise, 150 Euro/yen becomes the floor, not the top.
Quote from Chood:
Prediction below, from last Tuesday, is bearing up pretty well. I see no reason for dollar to retreat prior to further advances. To be sure, versus the yen, I'm wagering the direction is one way for awhile.
Pretty good shoving match going on in the Yen futures early this overnight. Wonder if that portends one side throwing in the towel? I'm not.
Yen bulls again charging at my beloved dollar, this time led by Cossacks. "Into the valley rode . . . " We know how that turned out for the calvary, so I'm sticking with my position.
Quote from Chood:
Pretty good shoving match going on in the Yen futures early this overnight. Wonder if that portends one side throwing in the towel? I'm not.
Quote from Chood:
Yen bulls again charging at my beloved dollar, this time led by Cossacks. "Into the valley rode . . . " We know how that turned out for the calvary, so I'm sticking with my position.
Iâll surrender if near-month Yen/dollar backs up to .008550. Thatâd make 82-tick loser of my last YEN short, taken last week.
Sorry to hear about your bad fortune. Markets unpredictable as usual. Seems like the news agencies are calling weaker dollar, late as always.Quote from Chood:
Iâll surrender if near-month Yen/dollar backs up to .008550. Thatâd make 82-tick loser of my last YEN short, taken last week.
Quote from Luke_P:
Sorry to hear about your bad fortune. Markets unpredictable as usual. Seems like the news agencies are calling weaker dollar, late as always.
Thanks for the sympathy, although I have to tell you that news of the death of my YEN short is premature. Stop never hit. The trade is back above water, in fact, based on today's price action. But I'm glad to know commiseration is near should it go badly in the end.