Dollar run seems to be over:
- Trade negotiations w/ China didn't lead anywhere & don't seem to lead to anything any time soon.
- Trump's legal troubles grow (tho Politico had this weekend that markets could rally on relief about an impeachment; but that's not anytime soon either)
- Earnings season is basically over
- Other majors (except GBP, of course :-)) picking up strength vs the dollar.
So, this could make a fine Short for the next couple of days; possibly until the next round of central bank decisions begins, starting w/ Bank of Canada Sept 5, followed by ECB & BOE Sept 13, and the Fed Sept 26.
But since we never know: Tight SL at 95.74; TPs at 94.08, 93.18, 92.22
- Trade negotiations w/ China didn't lead anywhere & don't seem to lead to anything any time soon.
- Trump's legal troubles grow (tho Politico had this weekend that markets could rally on relief about an impeachment; but that's not anytime soon either)
- Earnings season is basically over
- Other majors (except GBP, of course :-)) picking up strength vs the dollar.
So, this could make a fine Short for the next couple of days; possibly until the next round of central bank decisions begins, starting w/ Bank of Canada Sept 5, followed by ECB & BOE Sept 13, and the Fed Sept 26.
But since we never know: Tight SL at 95.74; TPs at 94.08, 93.18, 92.22