DXY: Dollar at critical lows on NY open. Must rally from here to avoid further substantial 2 to 3% sell-off - it's no more than a speccy buy at this level with a tight stop under the lows.
Comment:
So now New York doesn't want Dollars either. BAD!!! to channel a Trump Twitter.
Well, actually good. Trump wants a lower Dollar so he's going to get it now. The trade and all trends all point to Europe and no US, still. Use it or lose it. Sell all Dollar rallies. Trade in the S and P is at half volumes of a year ago. The trade is still there, just it's happening in Europe and your clever fund manager (if you have one) is looking after you by following that trend, hopefully...and that's what's happening now, caught still in mid blast - hope you are long Euro as per comments. Every dog, even the Euro has its day
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Well, actually good. Trump wants a lower Dollar so he's going to get it now. The trade and all trends all point to Europe and no US, still. Use it or lose it. Sell all Dollar rallies. Trade in the S and P is at half volumes of a year ago. The trade is still there, just it's happening in Europe and your clever fund manager (if you have one) is looking after you by following that trend, hopefully...and that's what's happening now, caught still in mid blast - hope you are long Euro as per comments. Every dog, even the Euro has its day