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[Alizain]

Originally Posted by primarylogic

yes, it seems USD turn stronger, but we dont know what will happened after 30th.

yuup, i'm waiting for that's announcement too

[ptaczek]

Originally Posted by primarylogic

yes, it seems USD turn stronger, but we dont know what will happened after 30th.

Personally I think that Fed will cut the rates but less than expected. The optimism about US Dollar is rising - a number of big US firms reported better than expected results recently so it seems it is actually a little bit better
I think more Yen pairs up-moves are likely (E/J, U/J, G/J) and more E/U down-moves.

[primarylogic]

Originally Posted by ptaczek

Personally I think that Fed will cut the rates but less than expected. The optimism about US Dollar is rising - a number of big US firms reported better than expected results recently so it seems it is actually a little bit better
I think more Yen pairs up-moves are likely (E/J, U/J, G/J) and more E/U down-moves.

we wait and see the reaction of the market next week, we dont enter the market easily.

[ptaczek]

GBPJPY opened with about 50pips gap and no filling yet - it just shooted up shortly after market open. Maybe more bullish clue for USD?

[primarylogic]

Will Dollar Strength Continue?
The US dollar has rallied significantly against the Japanese Yen and the Euro as risk appetite returns to the market. Since the beginning of the week, the Dow Jones Industrial Average has increased 600 points, leading many market participants to believe that a break above 13,000 is very possible. US earnings have been mixed, but stock market traders are simply happy that at least some companies are beating expectations. There have been no big misses like the one reported by General Electric at the end of last week and instead there have been nice upside surprises from companies like Google. This has been the primary reason why the dollar is higher and could be the reason why the dollar continues to rise in the coming week. The US economic calendar is relatively sparse with only housing and durable goods numbers due for release. Mortgage applications have rebounded and this suggests that sales of existing or new homes could have actually increased during the month of March. Given the lack of any major economic data to threaten the latest rebound in the US dollar, the rally could continue. However, we still believe that the medium term trend for the US dollar is down. With rice prices hitting $1000 a ton for the first time ever and oil prices breaking $117 a barrel, the pocketbooks of consumers are getting pinched by the day. It certainly doesn’t help that this is coming at a time when job security is a premium. Layoffs continue to build. This morning, Citigroup announced 9000 job cuts while earlier this week Merrill Lynch announced 4000 layoffs, matching the slashes at AT&T. This does not include potential layoffs by JPMorgan - Bear Stearns and Delta - Northwest. The US labor market is still in trouble and in a few weeks, this will come back to the haunt the US economy.

[Alizain]

Originally Posted by ptaczek

Personally I think that Fed will cut the rates but less than expected. The optimism about US Dollar is rising - a number of big US firms reported better than expected results recently so it seems it is actually a little bit better
I think more Yen pairs up-moves are likely (E/J, U/J, G/J) and more E/U down-moves.

i think EJ would down before up.

[Alizain]

hmm.. we must give attention for US economic recovery. Good information, promarylogic

[ptaczek]

Originally Posted by Alizain

i think EJ would down before up.

So do I. Im currently short on E/J

[primarylogic]

I'm seeing if E/J can drop down H1 low point.

[Alizain]

how with you EJ trade all ? i got few pips

i become more like EJ now