So the Dollar tanked on Friday....apparently , allegedly . Or was it all a big play to give the shorts conformation and lull them into a false sense of security .Well the ratio of shorts is growing across the board ,the cheese is laid ....Here mousey mousey .
We are sitting at 60/40 shorts on most pairs .The Gold bugs must be 80/20 by now .
XAU/USD Gold will never ...I repeat never be allowed to go beyond a certain level ,It's bad for fiat business .Expect that to bomb in a second .
THE STOCK MARKETS It's a market pump simply because by now most people are on the big short vibe and the more shorts the longer they will let it run ...dips is where to get in at the moment then get out .I go with Dollars up stocks down but that's a bit sketchy at the moment .
ALL MAJOR USD PAIRS I read somewhere that Jeremy Corbyn was the man behind the Big hard GBP/USD movement Friday ....Oh my aching sides ....He would struggle to get his manhood up never mind GBP/USD .
Anyway to put it simple check your calendar for some timely news or speech that's gonna hit your short stops this week .Tell your granny the Dollars back in town .
Comment:
Just found out Trump is escalating trade war ....If your holding shorts the dollar ... (they already made a nice bit of weekend rollover ) the sweat should be running down your backside by now AUD/USD .Looks like it's gonna be a blood bath from the off ;).
Trade closed: target reached:
I'm out this one picked up 100 pips on AUD pairs .Go back in long when they start hitting the longs USD Fri/Mon .