USD has been rallying since the Jackson Hole.
This rally is used for fooling everyone on the bulltrain. I expect the USD to top on NFP tagging about 96.2 and drop sharply. Commodities will get fuel on their rockets at the same time.
This rally is used for fooling everyone on the bulltrain. I expect the USD to top on NFP tagging about 96.2 and drop sharply. Commodities will get fuel on their rockets at the same time.
Comment:
USD index tagged 96.26 and turned. Let's see if it was satisfied with not touching the 200 DA.
Comment:
The USD dropped sharply on NFP but rallied back again. Might be dip-buyers, but the rally seems weak. I predict that the top was reached at 96.26 and that it will continue its downfall.
Comment:
It's going down. A lot of people are going to be caught on the wrong side of this one.
Comment:
Whoops, a lot of longs trapped. It's getting worse though :)