A Forex View From Afar

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Forex Analysis

Dollar Value

Written by A Forex View From Afar on Wednesday, February 20, 2008

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dollar value

The dollar bill in the background corresponds to the dollar value in 1973, when the UD Dollar Index was formed. The smaller dollar bill is today's value of the dollar. That is 25% smaller.

We must see the bright side, we have more in our pockets now.

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Trade Desk View

Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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