Fed Funds Rallied up from 18% to 33% on the day with Fed rosengrens hawkish comments the only likely impetus.
Imo DXY here at 95 mid has an easy 50bps of topside left in it if rates can hold here at 33%, UST also seen higher across the board with the bench mark 10y yield breaking pre-brexit levels.
Long DXY, and shorting $yen on rallies is the way I intend on...
This is a follow up trade to my prediction of the top for the Dollar.
Check related ideas for my previous forecast.
We have a very good trade setup here and the target and expected ETA is on chart.
The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade...