Ideal to short, risky to long, safer to not to place too much optimism when humans are way much more efficient in pumping crude than pumping prices
- remember a few hedge funds were thinking $100 oil days when it was during $85 before the crash towards $50
great to long considering credit rating cuts & recession looming, illiquidity in this pair , would long towards daily pivots R2 and to short for overnight swaps 2 hours after US open. spread is poor though
USDCHF expected to head towards 1.03xx after a minor retracement to 0.982xx
- CHF still acts as a safe haven in times of market turmoil, but its strength is always weak, good to hold long at ideal positions
- Best overnight swap pair compared to EM currencies
-guess better than the crowd how the crowd will behave
- usually central banks prefers & has the tendency to calm markets with words; expect continual gradual rate increase for USD, expect a slowdown in AUD.