TradingView
JamesHelliwell
Jul 20, 2016 7:02 AM

Long DXY Long

US DOLLAR CURRENCY INDEXINDEX

Description

Long the US dollar over a minimum 9-12 month horizon/b]

Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback.

Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields. Simply, a hike in interest rates is more likely than the aggregate of market participants think, but it will be a reactive move from the Fed once inflation has already well-and-truly overshot.

Full notes to follow

Trade active

Long in half size. Monitoring the weekly channel and daily chart for a retracement to add.
Comments
JamesHelliwell
More