Thread: Discuss all about FX open

i requested another withdraw just now, looking forward the payment now

Originally Posted by TaoJin88

i requested another withdraw just now, looking forward the payment now

which payment method are you choose to request it ? e-currencies ?

i'm sure you'll get cash quickly :)

Originally Posted by Alizain

which payment method are you choose to request it ? e-currencies ?

i'm sure you'll get cash quickly :)

U/J has breaks 105.7 now, it will reach 106-107 area surely.

And E/U will going to 1.5200?

How about E/U next week?
I think today just a retracement and will continue down on next week.

in fundamental analyze Euro look going to pressured on last week closed trade.

Short E/U next week!

Entry:
1 - Overbought, use your own indicators to confirm.
and
2 - Waiting up-fractals appears.

RISK YOURSELF!!!

yuup, USD look still continue for the rebound.

hi all, have you register for June contest ? i am already have an account for that's :D

Originally Posted by Alizain

yuup, USD look still continue for the rebound.

hi all, have you register for June contest ? i am already have an account for that's :D

June competetion has not start yet, waiting to start...

Congratz to winners of May competetion.

Originally Posted by primarylogic

Short E/U next week!

Entry:
1 - Overbought, use your own indicators to confirm.
and
2 - Waiting up-fractals appears.

RISK YOURSELF!!!

Hi primarylogic, do you have some diary or something with all your analyses so we can see how accurate it is over a longer period of time? Keep it up! :)

E/U droped 150+ pips in 30 minutes, it's too crazy.

US Dollar Rallies As Fed Chairman Bernanke Issues Hawkish Speech, Focuses on Dollar


* Jun 03 - US Dollar Rallies As Fed Chairman Bernanke Issues Hawkish Speech, Focuses on Dollar
* Jun 03 - Euro Tightens Ahead of Looming Break-Out
* Jun 01 - Dollar: Will Non Farm Payrolls Spoil the Rally?
* May 30 - Carry Trade Gains As Yields Turn Higher, Global Growth Outlook Improving
* May 29 - Euro SSI Suggests Records Highs Are Out Of Reach
* May 28 - Market's Bull Run Stalls As Growth Concerns Weigh On Rate Outlook
* May 27 - How Will the Search for a 'New Libor' Impact Carry Trades?
* May 27 - US Fed: Inflation Expectations Rise as Oil, Food Prices Prove to Be More Convincing Than Bernanke
* May 23 - Euro May Retest 1.60 If German Data Meets Expectations
* May 23 - Rebound In Carry Trade Hits Resistance As Risk Appetite Falters
* May 22 - How Does an Oil Crisis Impact the US Dollar?
* May 21 - Will the Australian Dollar Hit Parity?
* May 21 - FOMC Minutes Reveal April Rate Cut Almost Didn't Happen, Pause In June
* May 21 - BoE Voted 8-1 To Keep Rates Unchanged
* May 20 - Australian Dollar Sets 24-Year High, Eyeing More Upside
* May 18 - Dollar: Another Test of 1.60?
* May 16 - British Pound in Early Stages of Large Bull Move
* May 15 - Pound Positioning Holds Net Long With 1.94 Support In Sight
* May 14 - Why The Euro Could Continue To Fall
* May 14 - Traders Bet The Fed Will Hold As Credit, Growth Outlook Improve

Written by Terri Belkas, Currency Analyst

During a scheduled speech at 9:00 EDT at the International Monetary Conference in Barcelona, Federal Reserve Chairman Ben Bernanke issued hawkish commentary and focused on the value of the US dollar, which was somewhat unusual as he has said little regarding the currency even as it hit record lows just over a month ago.

In the speech, Bernanke suggested that further rate cuts would be unnecessary, as “policy seems well positioned to promote moderate growth and price stability over time.” Unsurprisingly, he said that high inflation pressures generally reflected “sharp increases” commodity prices, and while “pass-through” to wage costs and consumer prices were limited, “the continuation of this pattern is not guaranteed and will bear close attention.” However, Bernanke’s pronounced focus on upside inflation risks from continued gains in commodity prices were the most hawkish comments at all. In fact, there is now a fear within the Federal Reserve that the public’s long-term inflation expectations will rise, and “could ultimately become self-confirming.” Just last week, Fed Vice Chairman Donald Kohn expressed similar concerns, and it is becoming clear that the central bank is having difficulty managing these inflation expectations, as record high oil prices prove to be a bit more convincing.

Meanwhile, Bernanke also noted that the Federal Reserve is aware of the negative implications of a weak dollar on inflation and inflation expectations. However, he expressed confidence that the Federal Reserve’s dual mandate to foster maximum sustainable employment and price stability would be a key factor to ensure “that the dollar remains a strong and stable currency.”

The US dollar has surged since the beginning of the speech, as the currency is up 150+ points versus the euro and Swiss franc, and up 100+ points versus the Japanese yen and British pound. Fed fund futures – which were pricing in only a 2 percent chance of a 25bp rate cut in June – are now fully pricing in no change in rates.