SteveNixon

TR#284 13/06/19 - Summary - Dollar & SNB interest rate decision

OANDA:WTICOUSD   West Texas Oil
Yesterdays PCI came in more or less as expected so the big short call on the Dollar than we heard from many sources didn't happen. I suggested you keep your powder dry yesterday and it has turned out to be good advice. The dollar has moved off lows and now looks set up to move back long into the channel. (for the next week at least) Wednesday see the Fed interest rate decision so we'll go through the whole process again next week. Today the Swiss National Bank held rates and said their policy was to be ultra loose which I assume to mean they are waiting to see what happens to the world economy before making any decisions. I continue to be long on CHF as I have been for the last few months (Safe Haven).

This is not investment advice
Steve Nixon@logicfxtrading.com

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