USD index

Martinghoul said:
Nah, they ain't one and the same... A UST converts a USD that you have in the present into a USD that you'll have in the future. So if there's more USTs around, all else being equal, it means that there's "present USD" sloshing around.
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Thank you Martin. I was walking around with a fallacy in my head and didn't know it. And trading at the same time!
 
When the Fed in the spring announced the "taper", the dollar has been selling off, especially against the Euro. The move accelerated at that point. So on the face of it, taper is dollar bearish. Again, am I missing something?
 
Usually I try to not pay to take the fundamentals too seriously. But here you have a historic event. I keep thinking it's got to move the markets more than just a little. In the meantime I'll try to stick to what I'm good at. Which is fear and greed.
 
I'm a technical trader, but I don't want to trade against the fundamentals either. The stock market is a better example, where right in the middle of a bull market you'll have all kinds of voices saying the market is due to correct, is going to correct, Armageddon is coming, whatever.
 
Cswim63 said:
When the Fed in the spring announced the "taper", the dollar has been selling off, especially against the Euro. The move accelerated at that point. So on the face of it, taper is dollar bearish. Again, am I missing something?
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Lots of other things happening at the same time... Moreover, the Fed's balance sheet actions were well-telegraphed before the spring.
 
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