Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: NY Fed confirms intervention in currency marke

...Must have been a token effort by the fed then, with the DX falling off the bottom of the chart as they are supposed to be selling yen and filling their boots with dollars!

I reckon the BoJ would have been better off getting a big effort out of the PboC rather than the ECB only interested in pushing up the Euro, and the Fed - clearly not interested in pushing up the dollar, and limiting themselves to cross rates.

Already the critical USDYEN rate retraces the move caused by the so-called "G7 intervention".

You don't push yen longs off the pot with a one day move, as in this day and age, one day moves counter-trend are called "corrections" and have a bad habit of giving it all back as soon as possible afterwoulds!

You push people off the pot with a move so broad that both yen longs and USD shorts all get margin calls when the "intervention" causes a "chart break" by continuing day after day - until the market tanks without further intervention. because a trend change is recognised on the charts that so many use.

I don't think "intervention" has ever achieved this in the past though, perhaps because of the half-hearted nature of such actions.

Messages In This Thread

Re: NY Fed confirms intervention in currency marke