Hello everyone,
Hope all is well! I have updated a few trades that i am planning to take and how i think things will unfold. For now i think the dollar is getting squeezed but once that is over it will continue its path of wrecking. If the dollar has truly topped we will reasses once convinction is much higher.
A few points:
* Eurozone is looking terrible and i do not see any reason why anyone would buy the eurozone. ECB is pretty much done and dusted and i do not see them hiking again unless we have a really cold winter.
*Euro boys are saying that we are able to survive a long and heavy winter and we won't deplete our reserves. For some reason i doubt that and i do not trust politicians. If you have data please do correct me if i am wrong.
* War in Israel - it shouldn't be a market mover but if things extend beyond Gaza expecting Oil to ramp up if other big countries join the war.
* From a seasonality point of view the dollar should be weak in Octomber which kinda aligns with our thesis.
* We will take the trades based on lower timeframe price action and see what it gives us. Patience
Hope you enjoyed!
Hope all is well! I have updated a few trades that i am planning to take and how i think things will unfold. For now i think the dollar is getting squeezed but once that is over it will continue its path of wrecking. If the dollar has truly topped we will reasses once convinction is much higher.
A few points:
* Eurozone is looking terrible and i do not see any reason why anyone would buy the eurozone. ECB is pretty much done and dusted and i do not see them hiking again unless we have a really cold winter.
*Euro boys are saying that we are able to survive a long and heavy winter and we won't deplete our reserves. For some reason i doubt that and i do not trust politicians. If you have data please do correct me if i am wrong.
* War in Israel - it shouldn't be a market mover but if things extend beyond Gaza expecting Oil to ramp up if other big countries join the war.
* From a seasonality point of view the dollar should be weak in Octomber which kinda aligns with our thesis.
* We will take the trades based on lower timeframe price action and see what it gives us. Patience
Hope you enjoyed!