U.S. Dollar Index is on the pad and final checks are being undertaken.

Discussion in 'Currencies' started by tolly_67, May 17, 2014.

  1. tolly_67

    tolly_67 Well-Known Member

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    Says my tea leaves.....I looked into my cup the other day....I saw, dollar up, dow up, gold up......and what looked like a black fluffy rabbit.....reading these things is an art form you know.
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    [​IMG]
     
  3. aleks

    aleks Well-Known Member Silver Stacker

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    Borrowing rates in euro and jpy are lower than USD which means they become funding currencies for risk on trades and a big market sell off means an unwinding of carry trades = euro and jpy strength, us dollar weakness. If we happen to make a significant bottom in US stock markets that turns into real strength we could make a decent attempt at the old highs.
     
  4. aleks

    aleks Well-Known Member Silver Stacker

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    This euro retracement has run abit deeper than I thought :| but still think there is some upside
     
  5. petey

    petey Active Member Silver Stacker

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    AUD. Buy or sell?
     
  6. aleks

    aleks Well-Known Member Silver Stacker

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    Gotta admit that was a lame bounce in the euro

    Risk on, eject :eek:
     
  7. tolly_67

    tolly_67 Well-Known Member

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    Lame politicians, lame currency, lame bounce.....We should have picked that trifecta.....
     
  8. aleks

    aleks Well-Known Member Silver Stacker

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    USDX needs to close above 98.60 and euro below recent lows at 1.0820, if we do theres a strong chance we are heading for the january euro low in at 1.0710 and 99.90 to the upside in USDX
     
  9. aleks

    aleks Well-Known Member Silver Stacker

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    What an epic level of fuckery

    [​IMG]


    :lol:
     
  10. tolly_67

    tolly_67 Well-Known Member

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    What a strange night for the Index!
     
  11. aleks

    aleks Well-Known Member Silver Stacker

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    sell off in bonds, AUD and USDJPY heading back up, muted downside in us markets, I want to believe this was a suckers rally in the euro and it will head back down from here
     
  12. tolly_67

    tolly_67 Well-Known Member

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    Why do I get this feeling that there will be a fake out break lower just to suck some more money in before the big push forward?
     
  13. tolly_67

    tolly_67 Well-Known Member

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    Or it is just about to complete a tilted triple vampire teeth pattern and move higher.
     
  14. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Because you blindly follow Martin Armstrong like he's a death cult leader :rolleyes:
     
  15. tolly_67

    tolly_67 Well-Known Member

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    No....not really.....but I like the death cult bit..
    I don't agree with everything he writes.....
    He reminds me of Skyrocket sometimes.....so no, I don't always agree.
     
  16. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I'm in no ones cult and I don't blindly follow anyone ;)
     
  17. whinfell

    whinfell Well-Known Member Silver Stacker

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    Except Billy ;)
     
  18. tolly_67

    tolly_67 Well-Known Member

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    Now we are really, really, really close.
    This is a big fake out. Euro pushed to 115.
    All systems ready. Prepare for re-ignition.
     
  19. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=FsqJFIJ5lLs[/youtube]
     
  20. tolly_67

    tolly_67 Well-Known Member

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    Damn....I've been caught and bowled.
     

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