Joined Jan 2008
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Status: Inertial Member
|2,297 Posts
The Dollar is strengthening or am i blind?
Where's your problem? Have been whiped out by some spikes?
Ohh well. Real trades trade only the momentum anyway.
Oil was in the $120's when the GDP news was announced.
Traders waited for reactions but oil stay put at $120 level.
Finally oil started to dip to $114 and USD pulled back up as Gas storage report came up much much higher than forcasted - see FF calender.
Recent USD was helped by oil unwinding to as low as $110.
Pull up an oil chart and you will see the move. The Dow went up but was not helping USD.
For the past few weeks, oil has been affecting the Forex markert tremendously.
pairs like EU,GU,AU,NU came down ? meaning that the dols is appreciating, so that goes with the outcome so what's up ? the initial spike up is just due to unsettled reactions at the period of the release.
know thy edge and abide by it ! 4 in it shall thou be successful !