arigolden
Long

US dollar safe-haven USDCAD long short-term bull

AMEX:UUP   POWERSHARES DB USD INDEX BULLISH
13 0 0
US Dollar             long for the last year. Still believe this trade has juice and should continue: bullish short-term supported by a simple idea of investors flocking into safe haven currencies and further supported by more short-term weakness in Canada: 4 months of negative GDP, talks of a looming recession, lower crude with a wider than anticipated impact and a very hot housing-market: the probability of a further rate hike, down to 50bps is still on the table.
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