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Hareii commented Feb 13, 2015They can't keep up the charade any longer. Two weeks ago, US Treasury assured the market that strong USD is good. Just yesterday, they complained and warn about possibility of taking action against the relative currency strength gap between USD and ...
Is the US Dollar starting to lose its shine?
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Hareii commented Feb 13, 2015Greece reached agreement with EU => EUR strengthen. Greece leave EU => EUR strengthen. The only factor that can weaken EUR is QE and further recession in the large economies in Euro. Current QE has already been priced in, possibility of further QE ...
EUR Bear Market In The Waiting; Sell Rallies - Morgan Stanley
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Hareii commented Feb 12, 2015Did any analysts or economists play the "seasonal factors" card to dismiss the dismal retail sales figure again?
Retail Sales in U.S. Decreased More Than Forecast in January
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Hareii commented Feb 12, 2015Its a charade in the market. The one who sees past the charade knew that the USD strength is just an illusion. The spike in GBPUSD perhaps is a recognition of the weakness of USD more than a recognition of the strength of GBP? From my past 5 years ...
Bank of England eyes risk of falling prices, ready to cut rates if needed
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Hareii commented Feb 12, 2015Two weeks ago, this same guy just said that Strong Dollar is good for America ( video ). So why is he complaining about the currency strength gap now? Suffering from dual personality disorder?
US Treas Sec Lew Warns Countries Against `Race to Devalue' to Boost Trade
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Hareii commented Feb 10, 2015"Economists taking part in a Reuters poll had expected output to fall by 0.1 percent." i.e. -0.1%. I don't know what the expected figure on FF refers to which poll. Expectation is a funny thing. You can have a data point that missed expectation ...
UK industrial output slips on oil, manufacturing stronger than expected
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Hareii commented Feb 9, 2015Sometimes, it just a matter of perspective. Put this question to him: "Do you think, at the current USD strength, or further strengthening of USD (assuming the impending rate hike), will increase the risk of deflation in US economy? If not, why?". ...
Fed's Plosser: Doesn’t See Deflation Risk In US - Fox
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Hareii commented Feb 9, 2015I tend not to trade against carry trade currency, in this case shorting AUD. Big boys are always looking for place to allocate and park their capital. When opportunities run short, they will buy AUD to earn the interest in the meantime they shop for ...
Stevens: Remarks at the launch of the official Australian Renminbi Clearing Bank, Sydney
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Hareii commented Feb 9, 2015The trade balances of the largest 3 economies of Euro zone, German, French and Italian, are on an upward trending slopes. I tend to agree with Germany that the ECB has prematurely jumped the gun in pushing their QE.
German exports in 2014: +3.7% compared with 2013
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Hareii commented Feb 6, 2015Well said. The US debt situation at current is at its worst state in its entire history. The end of QE has only decelerated the rot. Even normalization of FED loose policy will not make a significant dent in improving its debt situation. ...
Rebuilding Long USD Exposure; Staying Short EUR/USD - BNPP
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Hareii commented Feb 5, 2015Do you want a textbook answer to your question? I am second guessing that you want to know instead how to profit from trading USD if they raise rate. Almost everyone (let pin an arbitrary figure of say 95% of people) knew the textbook answer. If the ...
Fed Officials are Wrestling With Their “Patient” Assurance on Low Rates
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Hareii replied Feb 2, 2015Spot on Spili. Success is how you define it to be. Compared to Warren Buffet, successful I am not, compared to those earning their living toiling in sweatshops, I am. Too many people take in what they heard from other cry-babies about trading FX ...
Are there any successful Traders in Forex Factory?
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Hareii commented Jan 22, 2015If there is certainty, you should trade in the opposite direction. Buy EUR? Reason being retail traders are never first to get hold of info. If it is certain to retail trader, it is stale info to the smart money. When retail enter, smart money ...
EUR Into ECB: How Low Can It Go? - Credit Suisse
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Hareii commented Jan 21, 2015The current Euro zone data warrant a vigilant watch against possible deflation, but certainly no cause for QE let alone large scale QE. The sharp drop of EURUSD in such a short time is giving too much credit to the US market and too little to Euro ...
ECB’s Nowotny says tomorrow’s meeting “will be interesting”
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Hareii commented Jan 21, 2015Next will be 'whatever we can' -> 'whatever we can afford' -> 'whatever is appropriate to the circumstance' -> 'God damn it, whatever'
Central bankers lurch from 'whatever it takes' to 'whatever next'
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Hareii commented Jan 20, 2015Whether main street will be helped in Euro zone, I don't know. But I agree with you that the stock market will get a boost. For that matter, money will flow into Euro stock. People need EUR to buy Euro stock. EUR will be bought.
Will euro QE work?
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Hareii commented Jan 19, 2015Who need good men in Europe when you have Angela Merkel? Of all the European leaders, Putin will probably listen to Angela more than the others. Such is her power!
Hollande: ECB will pull trigger on QE plans this week
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Hareii commented Jan 19, 2015ECB surrendered any independence and credibility that they have as a central bank by leaking all these info to the governments of Euro zone. SNB is the rare breed in current days of walking the talk.
Hollande: ECB will pull trigger on QE plans this week