Dollar Rallying
Started by
skyymaster
, Nov 01 2007 10:48 AM
4 replies to this topic
#1
skyymaster
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Posted 01 November 2007 - 10:48 AM
Is the dollar rallying because it has found a bottom short-term or because it does not expect anymore rate cuts until end of the year? Don't know much about how to trade currencies but know it is highly news sensitive.
People should not be afraid of their governments. Governments should be afraid of their people.
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#2
phineas_gage
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Posted 01 November 2007 - 11:17 AM
Econ stronger than expected and no more rate cuts. Enough to encourage some profit taking I would think.
#3
beta
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lasergirl
Posted 01 November 2007 - 11:19 AM
Temporary sugar high. Next stop 72.
Edited by beta, 01 November 2007 - 11:20 AM.
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#4
skyymaster
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Posted 01 November 2007 - 11:47 AM
Thanks, that means we should go down more in the market then up.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#5
redfoliage2
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Posted 01 November 2007 - 01:48 PM
It means market is expecting no more rate cuts.Is the dollar rallying because it has found a bottom short-term or because it does not expect anymore rate cuts until end of the year? Don't know much about how to trade currencies but know it is highly news sensitive.
