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HighLand1
Mar 30, 2017 1:09 AM

Long USD Long

U.S. Dollar Currency IndexTVC

Description

Technical:
Dollar tested long term support trendline.

Fundamentals:
-US rate hike and hawkish Feds talk this week. (except for Kashkari)
-Trump fiscal policy ($1 trillion for infrastructure, Mexico border wall, TAX CUT!)
-strong economic data (job, housing...)
-although Trump failed with #AHCA because of Freedom caucus, I believe it's easier for him to make a compromise deal with the Democrats

Long dollar against euro, and yen

Yen: BoJ need weaker yen, started jawboning when UJ approaches 110.

Euro: French and Germany election, #Brexit (uncertainty)
*Be cautious if Draghi or ECB start talking about "rate hike"


Trade active

average long UJ @110.80

average short EU @1.0800

Trade closed: target reached

EU target reached.
Comments
HighLand1
EU TP1@ 1.0650 (support trendline)



HighLand1
HighLand1
@Highland, UJ sell off after rate hike (profit taking, Japanese exporter repatriation in March)

Buy the dip.
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