[stucros]

I’ve just read an article written by Kathy Lien entitled ‘Why is there such divergent price action in the dollar?’ where I think she is trying to explain why the majors would move in different directions against usd. Quite frankly she is ever so confidently making no sense what so ever. My favourite quote is

‘If you look very closely, you will actually see that it is buying of the yen crosses that is leading USD/JPY higher’

mmmm interesting conclusion Kathy. So you are telling us that as usd rallies against the yen but falls against the eur and the eurjpy cross has moved upwards? Oh and I was thinking it might be possible to arb the 3 pairs with no one realising.
I also remember seeing a TV interview once also where she quite arrogantly put a move in the usd down to some factors which I felt left some explaining.
My point in writing this is there are some Experts or ‘Chief Strategists’ out here and they will tell you they have all the answers but you have to question them and if they really do know more than you!!!!

Respect to the FX Men they quite clearly play the balance of probabilities, admit when they are wrong and never show arrogance!!!!!