USD under pressure capped in sideways channel
Short until 21sept...check UJ and EU to confirm the follow through.
Comment:
Reach the trendline as expected now see if the US session will push everything down breaking the trendline...only one ''hic'' is the EU looks for a down = USD rebound...mmm let's see tomorrow.
Comment:
USD rebounding ''wave after wave'' will see further weakness. With 0 expectation for the FOMC + indicators will be down again = USD will drop a lot. Which should boost the EU and other crossed currencies up in the days after the meeting. SHORT USD, long EU.
Comment:
The farce continue after a big spike provocation by the BOJ, the Europe opening killed the effect instantly, expect a push down during the US and see further weakness. I don't expect any move, still, FED is stuck between election and keeping the stock up, increasing the interest rate will just kill the market instantly and push up the dollar which is exactly the opposite of what the FED wants. Very difficult situation for central banks now...running out of ammo...exepct NIRP and QE...ouchh.
Comment:
Glad to see years of experience slowly playing correctly. 0 + 0 = 0 the FOMC didn't bring anything execpt what I said, stock up and no rate hike, they don't want to see the $ to appreciate, that's their plan indeed since years. Now they wait for the elections so we will see the $ going down. We could have a fake up to reload the BULL before a strong the big drop. The currency war is still opened guys !
