DarkPoolTrading

Currencies - UUP Bullish on the Dollar

Long
AMEX:UUP   Invesco DB USD Index Bullish Fund ETF
Idea for UUP (S2):
- Fed moving rate hike expectations forward.
- August Jackson Hole meeting will see the Fed begin 'talking about tapering' (even though they have been tapering for a while), why wait until then? Smart money will move before then.
- Brazil hikes rates. EM's will first race to hike rates.
- Fed and ECB will have to move by EOY.
- Technical Double Bottom .
- Falling Wedge Reversal.
- While it is early to call for a bull market in the dollar, it is showing strength, and fundamentals are bullish .

Not a bad time to start a moderately bullish position.

GLHF
- DPT
Trade active: Long UUP 24C Sep 17 for 0.80 debit
Trade active: Add UUP Long 25C Jan 21, 2022 for 0.43 debit
Trade active: DXY holds 200 MA support