USD has been strong as the FED pumps rates up. The markets are on hopium thinking rates will go flat or down soon. That may have resulting in a bounce in currencies against the USD, but I that was only a knee jerk reaction. I think that once the markets realize the FED is committed to long term 5+% rates then the demand for USD will be high from foreign investors. We will see a flight to the USD.
Commentaire:
I really feel EURUSD has a chance to go to 1.04
Trade fermée manuellement:
I'm out for the week. Bear flag in the remaining couple hours. Probably a good set up for another short.
Commentaire:
Seeing a lot of divergence on this bounce. I'll keep any eye on it but I'm not adding any trade yet.