USD short term/long term view

[Alex-the Gr8]

Long term, I'm still bullish on the dollar. Non Farm payrolls came in lower than expected - although US the jobless rate hit a 26 year high. All of us traders need to be aware that the commodity dollars are still beating up on the USD short term. Risk appetite is outpacing technical/fundamental analysis for the beginning of the week. Look for the BoE and RBNZ announcements later in the week. Could be a driving force - and as always, the commentary is more important than the actual decision. Listen up!

 

[poborsky]

good luck.

 

[disi]

Dolar is doomed. Only thing that can save him is correction on US stock markets. Does not look like it is going to happen.

 

[justtradin]

Long term, I'm still bullish on the dollar. Non Farm payrolls came in lower than expected - although US the jobless rate hit a 26 year high. All of us traders need to be aware that the commodity dollars are still beating up on the USD short term. Risk appetite is outpacing technical/fundamental analysis for the beginning of the week. Look for the BoE and RBNZ announcements later in the week. Could be a driving force - and as always, the commentary is more important than the actual decision. Listen up!

I expect The USD to move higher this week as the euro should back off from its heavy upmove out of that wedge.

 

[chris83]

With the US Unemployment still being enormous this will continue to effect the U.S. economy, even though losses were declining to 220,000 from 247,000 in July, it is still to big. Besides that growth is still weak at best in the US, however there are indicators of improvement some levels of the US economy.