New USD bull market or sucker's rally

Discussion in 'Forex' started by Daal, Aug 8, 2008.

  1. Daal


    The current account should improve a lot on this recession and maybe the capital flight from the emerging world will continue but I've been fooled before
  2. If the $USD (dollar index) closes right here or above at the end of this month then I'll go long.
  3. Biog


    It's real this time, go long.
  4. i've been a bull for about 6 months now. The main thing killing the dollar recently has been the interest rate cuts which obviously came to a halt.

    i think it has legs as europe and the commodity currencies could have a harder landing than the US.
  5. Daal


  6. The next move for Europe is down. The next move for the US is up. The difference in rates will now begin to move the other way, and I think everyone is trying to position themselves for it.