Quote:
Originally Posted by Hatterasguy
How quickly do you think the US dollar is going to move? Do you think it will hold fairly steady until the end of the year?
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Hatte, I am more of a short term trader. Hours to days generally, with a lot of very short term scalping as well.
I have a general Longer term (6 months ish) target for the $/yen around 88.08, although I think 88.6 is more realistic. Trading around 91.4 right now.
Note that a 1 move is fairly big, although there have been some wild moves daily lately.
Timing though I can't say, guess AND only a GUESS, sometime 1st quarter 2010. Unless something major occurs I don't see it there before year end, although I do see it trading into the 90.ish before year end.
A break below 90 will cause a huge drop, then a return to the 90 level, before the final break occurs. And longer term I see even lower, unless the Poli's do something right
But I don't put much weight in my longer term predictions, a few days to a week, ok beyond that it's 50% guess, 25 % luck and then skill. And 25% skill is giving me a LOT of credit, a LOT.