calvino

Forex Wrap-Up: Headlines Hurt Stocks But Not Dollar

Do you ever read the charts before you write? How about check the lack of cause and effect between your statements and the currency moves.? The dollar got its boost Friday morning at 8gmt. It went on a vertical ascent vs the jpy and the chf. Almost vertical on the euro and the cad. There was no USA news at 3am. There was some hawkish talk by an ECB member, which might have affected the euro. Asia was diving, which might have affected the yen. By the time the Michigan survey and the durable goods came out five hours later, the move was finished and the dollar was flat the whole US trading session. Whatever prompted the dollar strenght had nothing to do with the chf and the cad, nor the factors that you mention. If the Fed raises, the chf and the cad are still higher. Who is going to come out of that trade because Plosser spoke. He has been speaking a year and Helicopter does whatever he wants anyway. I wish SA would get an fx analyst that actually traded currencies.