/quote

"I put my faith on the upside . The US $ being the main reason . The first QE had a similar effect as people flocked to the mighty dollar following initial fears , then they had second thoughts considering the long term effect of debasing the US dollar with printing money ."

/unquote

'People' do not dominate the forex market. People do not buy forex for trading. If they want to trade currencies they will trade futures. The forex market is dominated by big parties, such as central banks and investment banks. Though I am sure well-intended, it sounds like one of those articles I read daily on financial websites. Always trying to find reasons why something happens, even though reasons are not at all interesting if you're a trader. Mixing fundamentals and technicals is never a good idea.

Look at it this way: the EUR/USD went from 1.16 to 1.60 and then very quickly back to 1.25, the to 1.51, then to 1.20, then back up to 1.40. Did the fundamentals change so incredibly fast that everyone suddenly preferred the EUR, then the USD, then the EUR again, then the USD again? No. These enormous moves happen because the bigger parties are trading currencies for profits. They couldn't care less about the fundamentals. In fact, the bigger parties help to create the news that will be in their favour. Remember GS with their $200 oil story? What happened then? Oil collapsed. Really, fundamentals in forexland are interesting for the longer term, not for traders. To quote a leading European forex trader: "Even if I knew what the outcome was of leading macro-data, I still wouldn't know whether to be long or short".