Yesterday We noticed so much strength in USD & Euro Seems to be stronger today but dollar don't swear it 'cos JPY is vulnerable
Continuation : UJ did not break the 110. 7 height & took Us short - now the second attempt reversal to break the 110.7 is now cooked & ready for shop from 109.169 - I yelled this morning saying : Let's go back up!! :) FX is so much fun Enjoy!
It's a Fantabulous Friday for UJ - taking it to the next level - here comes 111 ;) (111 will should hit within the next 2 hours. Happy weekend y'all
There is no better time to buy US Dollar but NOW! - The might Dollar fall big time : 1.05 The loonie fall just below 70 cents (U.S.) in January and as of the beginning of May was right around the 79 - 80-cent mark. 98% Dollar could easily move higher starting this week, and 2% it could fall. Forecasting currency moves are even harder to predict than the stock...
UJ seems to not care but continue to drive down south.... I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either. 113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)