الثلاثاء، 2 سبتمبر 2014

Minimizing Effects of Slippage - EarnForex Newsletter - September 2014

This is your monthly EarnForex.com newsletter.
To cancel your subscription, please use the link at the bottom of this message.


EarnForex.com Monthly Newsletter
September 2, 2014

Welcome to the latest issue of EarnForex.com newsletter — September 2014.

In this issue of EarnForex.com newsletter, I will remind you about the most important Forex-related events of the last month and will also show you the list of the site's latest updates.

EDITORIAL: Minimizing Effects of Slippage

Slippage can be a serious issue for a Forex trader. It occurs when orders execute at prices worse than planned. It is especially noticeable when a stop-loss is hit during the major news releases. It is possible to get 20-30 pips of slippage loss during such events. Although it is nearly impossible to eliminate slippage from trading, you can reduce your losses connected with slippage:

Avoid stop orders. While it is definitely not wise not to use stop-loss on trades during the news, one should avoid the usage of pending stop orders for entry during volatile periods.

Switch brokers. Some brokers offer better execution terms and limit the extent of slippage, others are known for wild slippage.

Do not trade during news. If your trading strategy is not based on news releases, you should avoid trading during the news releases that can cause high volatility (NFP, GDP, CPI, etc.)

Alternatively, you can always go long-term. Any slippage losses will seem minuscule compared to the net size of your gains and losses if you trade on daily or weekly timeframes.

Overview of the major currency pairs' performance in August

EUR/USD — after a week of sideway action, the currency pair dropped straight down. It was at the maximum at 1.3444 on August 1, at its minimum at 1.3131 on August 29, finishing the month at 1.3132.

GBP/USD — declined during the whole month. The highest monthly rate was at 1.6892 on August 1, while the lowest — at 1.6536 on August 25. GBP/USD finished August trading at 1.6595.

USD/JPY — rallied strongly except for two small-time corrections. The pair rose to as high as 104.26 on August 25, reaching a bottom at 101.50 on August 8 and closing the month with the 104.07 rate.

EUR/JPY — posted a W-pattern ending the month not far from its opening level. The monthly high was at 138.01 on August 1, the monthly low — at 135.72 on August 8. Trading ended at 136.66 for this currency pair.

GBP/JPY — The maximum level for this pair was 173.82 on August 1, while the minimum — 170.39 on August 15. The month's trading ended at 172.70 for GBP/JPY.

Fundamental background of the past month

August was very good month for the dollar. The major driver for the currency's rally was anticipation of monetary tightening from the Federal Reserve in the near future, supported by the Fed minutes and comments of Chairperson Janet Yellen.

As it usually happens, good performance of the dollar means weakness of the euro, and this time was not an exception. The catalysts for the euro's moves was the same as for the dollar - the monetary policy outlook, but in case of the euro it had a negative impact as traders were expecting monetary easing, not tightening.

The Great Britain pound was also struggling in August and fell versus the dollar together with other currencies but pared losses versus other majors. The monetary policy outlook was supportive for the currency due to the Bank of England minutes and comments of BoE Governor Mark Carney, but economic data was weighing on the sterling.

The Japanese yen demonstrated mixed performance as a positive influence of risk aversion was countered by prospects for additional monetary easing from the Bank of Japan. Economic data was not helping the currency to establish a trend.

The Canadian and the Australian currencies were rather strong last month, while the New Zealand dollar did not fare well, likely due to the economic outlook.

Gold attempted to rally in early August but failed and was unable to keep gains.

Interest rate changes in August
Chile 3.75% -0.25% 3.50%
Israel 0.50% -0.25% 0.25%
Romania 3.50% -0.25% 3.25%
South Korea 2.50% -0.25% 2.25%
Turkey 12.00% -0.75% 11.25%
Top 5 Forex brokers of the last month

The top 5 Forex brokers, as reviewed by the visitors of EarnForex.com are the following:

  1. PaxForex — 9.5
  2. GAINSY — 9.4
  3. FreshForex — 9.3
  4. HotForex — 8.8
  5. Tradenext — 8.7

To qualify for the position in this list, a Forex broker should have at least 3 qualified reviews. Do not forget to review your favorite broker if you have not done so already.

Forex articles

One new Forex article has been published on EarnForex.com since the last issue of the newsletter:

You can always browse the previously uploaded articles.

Forex brokers

Five new Forex brokers have been added to EarnForex.com since the last issue of the newsletter:

  • 1BillionForex — a registered Belizean (offshore) company with MT4 and MT5 accounts, starting with $100. The broker offers both fixed and variable spreads. Maximum leverage is set to 1:200. Trading in non-Forex instruments is allowed.
  • BTFX — a registered Maltese company with MT4 platform, one account type (starting from $500), ultra-low spreads and 1:200 maximum leverage on Forex. CFD trading is available too.
  • ETX Capital — a British Forex broker operated by a 50-years-old FCA-regulated company. They offer quite a low fixed spread and also a low minimum account size — $50. Their proprietary trading platform is rather advanced and can be used from mobile devices.
  • Elit4x UK — an unregulated British broker with MetaTrader 4 platform, 1:500 maximum leverage, and a multitude of payment options. The minimum to start trading is $100.
  • FX-EDGE — a regulated company from New Zealand. It offers ECN accounts with MT4 and Match-Trader (proprietary) platforms. Accounts start at $500; the maximum leverage is 1:100; spreads are extremely low.

You can always view our full list of Forex brokers.

Forex VPS providers

Two new Forex VPS providers have been added to EarnForex.com since the last issue of the newsletter:

  • Cheapvps.co — a European VPS with servers in Netherlands. Accepts PayPal and Skrill. Lowest monthly price is $8.84.
  • eForexVPS — a US/UK VPS company with $11.95/month minimum price and several payment options.

You can always browse the previously added VPS companies.

Forex polls

Two new polls have been posted in the EarnForex blog:

You can also browse the full list of Forex polls from EarnForex.com.

Forum

Top 5 hot topics on EarnForex Forum started in August:

  1. daily free forex signals|外匯信號|فاریکس سگنل |Форекс сигнал|wetalktrade
  2. Daily market analysis and financial news by Vesta Trader
  3. Bulls or Bears in Forex?
  4. How to Trade Safely?
  5. How do you avoid Slippages
Forex industry news

There were the following important Forex industry news since the last issue of the newsletter:

Until the next newsletter issue!

That is all for the September issue of the EarnForex.com newsletter. If you have questions, comments or just want to see something else in the next monthly issue, please let us know.


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الثلاثاء، 5 أغسطس 2014

Fooled by Technical Analysis - EarnForex Newsletter - August 2014

This is your monthly EarnForex.com newsletter.

To cancel your subscription, please use the link at the bottom of
this message.

EarnForex.com Monthly Newsletter

*August 5, 2014*

Welcome to the latest issue of EarnForex.com newsletter — August
2014.

In this issue of EarnForex.com newsletter I will remind you about the
most important Forex-related events of the last month and will also
show you the list of the site's latest updates.

*
EDITORIAL: Fooled by Technical Analysis*

When new traders find some source of technical analysis information
— be it some website with a daily TA section or
some forum member sharing his important price levels — they often
put too much blind trust into those levels. Moreover, they often
start treating those technical analysis levels as signals. Technical
analysis is a very powerful tool, but do not get fooled by it:

*Be attentive.* Read descriptions of the offered technical levels and
learn what they mean. For example, do not treat resistance levels as
some long-side take-profit rates that will be certainly reached.

*Use other information.* Do not disregard other information you
learned about the current market situation. Combine your knowledge
gained from different sources. Be especially careful if there are
clear contradictions between technical analysis and other types of
analysis (fundamental or sentiment).

*Analysis may contain errors.* While reputable websites hire
experienced technical analysts to provide their regular TA articles,
they can still err. Make sure you do not transfer obvious errors from
their analysis to your trading account.

Remember that the more you know the harder it will be to trick you.
Educate yourself, practice your trading skills, talk to more
experienced traders, and you will be able to withstand even the most
deceptive market situations.

*
Overview of the major currency pairs' performance in July*

*EUR/USD* — went straight down in July. It was at the maximum at
1.3700 on July 1, at its minimum at 1.3366 on July 30, finishing the
month at 1.3389.

*GBP/USD* — dropped during the whole month too. The highest monthly
rate was at 1.7190 on July 15, while the lowest — at 1.6856 on July
31. GBP/USD finished July trading at 1.6883.

*USD/JPY* — declined during the first half of the month, rallied
strongly in the second half. The pair rose to as high as 103.08 on
July 30, reaching a bottom at 101.06 on July 10 and closing the month
with the 102.78 rate.

*EUR/JPY* — was falling through the most part of July, recovered a
little during the final days. The monthly high was at 139.27 on July
3, the monthly low — at 136.36 on July 24. Trading ended at 137.63
for this currency pair.

*GBP/JPY* — went down and sideways but without significant bearish
waves. The maximum level for this pair was 175.34 on July 3, while the
minimum — 172.50 on July 25. The month's trading ended at 173.52 for
GBP/JPY.

*
Fundamental background of the past month*

The US dollar started July with relatively strong results thanks to
employment data
<http://www.topforexnews.com/2014/07/05/week-gains-usd-non-farm-payrolls/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
. The currency lost some of its upward momentum as US policy makers
were attempting to downplay interest rate hike expectations, but risk
aversion helped the greenback to maintain its rally
<http://www.topforexnews.com/2014/07/12/risk-aversion-counters-negative-impact-fomc-comments-usd/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
. The currency kept its strong performance during the last trading
week of the month, but the rally stalled
<http://www.topforexnews.com/2014/08/03/dollar-rallies-weekly-gain-rally-comes-halt/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
after July's employment data came out worse than market participants
have anticipated. Still, July was very good month for the US currency.

The euro demonstrated lackluster performance last month. The European
Central Bank contributed to the currency's weakness
<http://www.topforexnews.com/2014/07/22/euro-weakness-finally-shows-ecb-gets-serious-stimulus/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
as it was talking about additional stimulating measures. Another
reason for the euro's softness was concerns about a potential impact
<http://www.topforexnews.com/2014/07/23/euro-struggles-maintain-gains-russian-sanctions-possible/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
that sanctions against Russia may cause to the European economy. The
shared 18-nation currency breached the $1.3400 level
<http://www.topforexnews.com/2014/07/30/euro-slips-1-3400-us-dollar/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
versus the dollar but bounced by the end of the month
<http://www.topforexnews.com/2014/08/01/eurusd-eurgbp-rally-eurjpy-unable-keep-gains/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
.

The Great Britain pound experienced a terrible month as Britain's
growth momentum was fading
<http://www.topforexnews.com/2014/07/11/fading-growth-momentum-makes-britains-currency-less-appealing/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
and the Bank of England hinted
<http://www.topforexnews.com/2014/07/23/boe-minutes-weigh-uk-pound/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
that it is not in a hurry to start raising interest rates.

The Japanese yen profited from risk aversion
<http://www.topforexnews.com/2014/07/11/yen-continues-gain-risk-aversion/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
but was weakening
<http://www.topforexnews.com/2014/07/30/yen-falls-data-usa-europe-suggests-haven-unnecessary/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
from time to time as the market sentiment was improving.

The Canadian dollar started July on a positive note
<http://www.topforexnews.com/2014/07/04/positive-us-employment-data-leads-massive-gains-cad/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
but sank afterwards
<http://www.topforexnews.com/2014/07/07/canadian-dollar-sinks-despite-news-bad/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
and was further hammered down
<http://www.topforexnews.com/2014/07/11/canadian-employment-provides-nasty-surprise-cad-sinks/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
by domestic employment data.

The Australian dollar also started the month strongly
<http://www.topforexnews.com/2014/07/01/aussie-rises-rba-china-adds-bullishness/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
but quickly lost upside momentum
<http://www.topforexnews.com/2014/07/03/aussie-extends-losses-retail-sales-stevens-comments/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
. The currency's performance improved markedly
<http://www.topforexnews.com/2014/07/26/australian-dollar-ends-week-among-best-performing-currencies/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
in the second half of the month, but poor domestic data was dragging
the Aussie down
<http://www.topforexnews.com/2014/08/01/aud-loses-gains-domestic-economic-data-favorable/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
at the month's end.

July started very good
<http://www.topforexnews.com/2014/07/08/nz-dollar-gains-fitch-raises-new-zealands-credit-rating-outlook/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
for the New Zealand dollar but the currency halted its rally
<http://www.topforexnews.com/2014/07/10/nzdusd-turns-reaching-highest-since-2011/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
after reaching new highs. The kiwi lost all its shine after the
Reserve Bank of New Zealand announced
<http://www.topforexnews.com/2014/07/24/nz-dollar-sinks-rbnz-statement/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
that it is going to pause its interest rate hike cycle.

Risk aversion did little to help gold in July, and the precious metal
fell 3 percent over the month.

*
Interest rate changes in July*

Country

Old Rate

Change

New Rate

*Chile*

4.00%

-0.25%

3.75%

*Hungary*

2.30%

-0.20%

2.10%

*Israel*

0.75%

-0.25%

0.50%

*Malaysia*

3.00%

+0.25%

3.25%

*New Zealand*

3.25%

+0.25%

3.50%

*South Africa*

5.50%

+0.25%

5.75%

*Sweden*

0.75%

-0.50%

0.25%

*
Top 5 Forex brokers of the last month*

The top 5 Forex brokers, as reviewed by the visitors of EarnForex.com
<http://www.earnforex.com/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
are the following:

PaxForex
<http://www.earnforex.com/forex-brokers/PaxForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— 9.5
GAINSY
<http://www.earnforex.com/forex-brokers/GAINSY?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— 9.3
FreshForex
<http://www.earnforex.com/forex-brokers/FreshForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— 9.3
Tradenext
<http://www.earnforex.com/forex-brokers/Tradenext?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— 8.7
FxNet
<http://www.earnforex.com/forex-brokers/FxNet?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— 8.7

To qualify for the position in this list, a Forex broker should have
at least 3 qualified reviews. Do not forget to review your favorite
broker
<http://www.earnforex.com/forex-brokers/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
if you have not done so already.

*
Forex e-books*

One new Forex book has been published on EarnForex.com since
the last issue of the newsletter:

The New Elliott Wave Rule — Achieve Definitive Wave Counts
<http://www.earnforex.com/forex-e-books/advanced-forex-trading/New_Elliott_Wave_Rule_Achieve_Definitive_Wave_Counts.pdf>
by T.S. Henessy

You can always browse the previously
uploaded books
<http://www.earnforex.com/forex-e-books/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
.

*
Forex brokers*

Seven new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:

FirewoodFX
<http://www.earnforex.com/forex-brokers/FirewoodFX?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— an offshore company with 1:1000 leverage, $10 minimum account
size and MetaTrader 4 platform.
Liga Forex
<http://www.earnforex.com/forex-brokers/LigaForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— another offshore company with 1:1000 leverage, but with a custom
web-based social trading platform and $1 minimum.
zebrafx
<http://www.earnforex.com/forex-brokers/zebrafx?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— a Russian broker registered in offshore jurisdiction. They claim
to offer ECN accounts via MT4 from $5.
Pantheon Finance
<http://www.earnforex.com/forex-brokers/PantheonFinance?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— another Russian Forex broker registered in offshore. MT4 accounts
start from $20 and can be traded with 1:100 leverage at max.
Vinson Financial
<http://www.earnforex.com/forex-brokers/VinsonFinancial?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— a regulated Cypriot company with multiple account types and
MT4/MT5 platform choice. Trading can be started with $200, while
leverage is capped at 1:200.
NewTradeFX
<http://www.earnforex.com/forex-brokers/NewTradeFX?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— a British company (though without registration with FCA) with
$100 minimum and custom trading platform.
CornèrTrader
<http://www.earnforex.com/forex-brokers/CornerTrader?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
— a Swiss Forex broker (a division of Cornèr Bank Ltd.) with $1
minimum, high spreads and a proprietary trading platform.

You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
.

*
MetaTrader indicators*

One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:

Channel Pattern Detector
<http://www.earnforex.com/metatrader-indicators/ChannelPatternDetector?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

You can always view the previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
.

*
Forex polls*

Three new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
:

What Else Do You Need to Reach Success in Forex Trading?
<http://www.earnforex.com/blog/what-else-do-you-need-to-reach-success-in-forex-trading/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

Would You Use Automatic Channel Detecting Indicator?
<http://www.earnforex.com/blog/would-you-use-automatic-channel-detecting-indicator/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

What Form of Technical Analysis Do You Prefer
<http://www.earnforex.com/blog/forms-of-technical-analysis/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
from
EarnForex.com.

*
Forum*

Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
started in July:

Why we want you to become a successful trader
<http://www.earnforex.com/forum/f4/why-we-want-you-become-successful-trader-17567/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

Stress management in Forex trading
<http://www.earnforex.com/forum/f4/stress-management-forex-trading-17650/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

How can we deal with the emotions?
<http://www.earnforex.com/forum/f4/how-can-we-deal-emotions-17590/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

Do you think that you can benefit from your losses?
<http://www.earnforex.com/forum/f4/do-you-think-you-can-benefit-your-losses-17551/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

Are Top Athletes Richer than Top Funds Managers?
<http://www.earnforex.com/forum/f4/top-athletes-richer-than-top-funds-managers-17604/?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>

*
Forex industry news*

There were the following important Forex industry news since the
last issue of the newsletter:

FXCM
<http://www.earnforex.com/forex-brokers/FXCM?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
was fined
<http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0308179&case=14BCC00015&contrib=NFA>
by NFA for $200,000 for doing
business with an unregistered entity, which was required to be
registered as an NFA member.

OANDA
<http://www.earnforex.com/forex-brokers/OANDA?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
added
support for Correlating Signals feature by Autochartist software.

*
Until the next newsletter issue!*

That is all for the August issue of the EarnForex.com
newsletter. If you have questions, comments or just want to see
something else
in the next monthly issue, please let us know
<http://www.earnforex.com/contact?utm_source=newsletter&utm_medium=email&utm_campaign=n201408>
.



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الثلاثاء، 1 يوليو 2014

Approaching New Indicators - EarnForex Newsletter - July 2014

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EarnForex.com Monthly Newsletter

*July 1, 2014*

Welcome to the latest issue of EarnForex.com newsletter — July
2014.

In this issue of EarnForex.com newsletter I will remind you about the
most important Forex-related events of the last month and will also
show you the list of the site's latest updates.

*
EDITORIAL: Approaching New Indicators*

From time to time you will be stumbling upon some new technical
indicators in Forex — either free or paid ones.
It is important to remember the following points when you find
something new and promising:

*Testing* — first and foremost, you must find some way to test the
indicator's effectiveness. If the new indicator is advertised as a
better substitute for some other (e.g. some advanced form of a Moving
Average), you should be able to test it against that old indicator and
get consistent results of higher profit or smaller losses, or whatever
else you expect from it. If it is a completely new indicator, without
a clear predecessor, you still can test but against the random
signals.

*Consistency* — does the indicator show consistency or does it only
work under very specific conditions? You do not want get it to real
account trading before you find out.

*Resources* — does the indicator require some particularly expensive
resources? For example, it could require a lot of CPU power for
calculation, or some external data feed, or a lot of interaction with
the trader.

In case of free indicators
<http://www.earnforex.com/metatrader-indicators>
, there is no big problem here — you can test indicator and, in the
worst case, waste just time on that. However, if you are going to buy
one, you need to be able to check all the above-mentioned points
before spending money. Alternatively, a reputable money back guarantee
would work too.

*
Overview of the major currency pairs' performance in June*

*EUR/USD* — rose up after a modest decline during the first decade
of the month. It was at the maximum at 1.3697 on June 30, at its
minimum at 1.3502 on June 5, finishing the month at 1.3692.

*GBP/USD* — remained in a pretty strong uptrend during the whole
month. The highest monthly rate was at 1.7114 on June 30, while the
lowest — at 1.6698 on June 4. GBP/USD finished June trading at
1.7105.

*USD/JPY* — declined with almost no upward days in June. The pair
rose to as high as 102.79 on June 4, reaching a bottom at 101.23 on
June 30 and closing the month with the 101.32 rate.

*EUR/JPY* — traded sideways following a drop during the first 10
days. The monthly high was at 140.08 on June 9, the monthly low — at
137.70 on June 16. Trading ended at 138.72 for this currency pair.

*GBP/JPY* — posted two classic bullish waves and bearish corrections
to form an uptrend in June. The maximum level for this pair was 174.07
on June 20, while the minimum — 170.42 on June 2. The month's
trading ended at 173.29 for GBP/JPY.

*
Fundamental background of the past month*

June was a rather poor month for the US dollar, which posted a third
monthly loss versus the Japanese yen. While initially that
the greenback should be supported by fundamentals,

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