SteveNixon

Dollar Long this week Short Next week? TR#347 Summary

TVC:DXY   U.S. Dollar Currency Index
With the ECB likely to introduce more stimulus for the flagging Euorzone I can see Dxy going long this week. Added to that next Thursday we have the FOMC interest rate decision which is expected to be a 25 basis points cut. Even if they don't cut next week the chances are they'll indicate a cut before the year end. So my forecast for the next 10 days is long then short. The short Dollar could give a boost to the US stock market but it could be temporary as the China/US trade negotiations still weigh heavily.

Let's see how if pans out - let me know what you think .

This is not investment advice

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Steve Nixon logicfxtrading
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