Chuck.Aus
Long

USDollar Rate Hike in Candle Form.

FX:USDOLLAR   Dow Jones FXCM Dollar Index
349 8 3
I do not read the news.
I read candle.


As you can see this is the result of the rate hike. Nothing... This was meant to be the most epic news event i had ever lived for. At least that is how the guys with 20+ years of experience made it sound. Too be honest if that is what the old guys call excitement they need a new blue pill.

With the fact most USD positions are still holding long and every pair survived the so called "Destruction" ... I feel business as usual buying the Cheapest USDollar             everyday.





look at US equities - they are not in good shape - this can precipitate a USD sell off, as it did very recently end of August
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This is what I expect, wait and see.
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blackswan IvanLabrie
rate hike means end of cheap money and that means bad news for all those investors that lived off making easy money on so many levels. I think this is the perfect storm in the making. Consider carry trade in trillions that need to be unwind in 3rd world countries whose currencies are still falling and falling, we'll see businesses going bankrupt since their outstanding loans just jumped in millions due to rate hike, we'll probably see asset sell offs to rush to repay those bad loans. so all in all demand for dollar is set to fall no matter how you look at it hence the investor sentiment is down unless oil rallies and sends dollar higher. however there are still investors who still seek safe haven in dollars so i expect sideways and mini rallies before the perfect storm.
+1 Reply
IvanLabrie blackswan
Agreed, this is the beginning of the end in my opinion.
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Actually, the rate hike was old news at this point, there are other forces driving the dollar value in investors' eyes.
(Not what the FX chatrooms of the world consider news, all the FX calendar events, etc. which masses of retail traders watch).

http://www.bloomberg.com/news/videos/2015-12-15/why-a-fed-rate-hike-may-lead-to-a-weaker-dollar

+1 Reply
Chuck.Aus IvanLabrie
They could be right yes, but i feel that is still 4 months down the track. Todays breakouts will be the key to the week i think
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IvanLabrie Chuck.Aus
Today, for sure.

Will be interesting to watch.

Cheers, keep up the great work mate.
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eskgroup IvanLabrie
If bear continues, I feel it will only be temporary...my theory is based on capital flows being injected from all over. USD will paint a higher high soon as more hike talk commences.
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