mulisko...the dollar caught a bid due to the FOMC statement that
was deemed by traders to be somewhat hawkish (leaving the door open
for a rate increase in December). This is not to imply it
will occur but simply how traders interpreted the statement.
No one was really expecting them to raise rates
yesterday.
longer term however i'm more bullish on the dollar based on the
weekly and monthly charts, something I've stated all year after the
March high, to me the weekly and monthly charts looks longer term
more bullish than bearish, we'll see how it plays out of course
mulisko...the dollar caught a bid
Anybody could explain me why US $ moved up after ...
Posted by steve on 29th of Oct 2015 at 09:12 am
mulisko...the dollar caught a bid due to the FOMC statement that was deemed by traders to be somewhat hawkish (leaving the door open for a rate increase in December). This is not to imply it will occur but simply how traders interpreted the statement. No one was really expecting them to raise rates yesterday.
Thanks Steve. I realized it.
Posted by mulisko on 29th of Oct 2015 at 09:23 am
Thanks Steve. I realized it. Just looking forward to rate increase sometimes in December should not be - in my mind - the reason for such a jump.
longer term however i'm more
Posted by matt on 29th of Oct 2015 at 10:36 am
longer term however i'm more bullish on the dollar based on the weekly and monthly charts, something I've stated all year after the March high, to me the weekly and monthly charts looks longer term more bullish than bearish, we'll see how it plays out of course
Capital is moving from Euro
Posted by junkie on 29th of Oct 2015 at 09:25 am
Capital is moving from Euro into USD.