Whats your forecast for the USD for rest of '07?

Discussion in 'Forex Trading' started by Daal, Apr 8, 2007.

Sentiment

  1. Bullish

    3 vote(s)
    30.0%
  2. Bearish

    7 vote(s)
    70.0%
  1. Daal

    Daal

    Sideways action last months, whats you current sentiment
     
  2. Rate cuts are nearly off the board for '07 thanks to the NFP, very bullish for the USD. I'm seeing a potential double bottom on the DX similar to early '05 (see chart). With the FX majors and commodities all at or near all-time highs, there are just too many dollar bears out there. I don't buy into the mantra that this time is different, it's a cyclical environment.
     
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  3. Daal

    Daal

    Alright but please no replies. It might influence the pool
     
  4. Discussion is more fruitful than just a poll. :cool: