High expectation of further easing from ECB likely via the announcement of TLTRO for the banking sector- news flow lining up with technicals on the chart above with the mutiple wave formation
Fundamental Analysis:- The USD is still the stronger of the two currencies with the FED looking at continuing their gradual rate raises over the near term. Even raising rates a little more than expected to stop Inflation jumping over their target. On the GBP side of the currency pair; Teressa May comes under pressure to resign as 40 of her MP's announce a vote of...
This is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long
Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that...
long term item of USD CAD to go long and continue on the pattern
keep an eye out as ikt could also break the channel which will result in a nice short
good luck
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...
