captain_smollett
Short

DXY. MorganStanley says 5% lower

TVC:DXY   US Dollar Currency Index
77 1 7
Just read an article where MorganStanley chief strategist indicates the USD can go 5% lower from current quotes.

So it be!

http://www.bloomberg.com/news/articles/2016-07-30/morgan-stanley-warns-currency-traders-worst-to-come-for-dollar
Trade closed: stop reached: Rule#1 : Read what an investment bank says, count till 10 and do the opposite!
LOL! Excellent rule of thumb. I've learned the hard way to use anything I read or hear from "experts" to be for entertainment purposes only.
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