Technical:
Dollar tested long term support trendline.
Fundamentals:
-US rate hike and hawkish Feds talk this week. (except for Kashkari)
-Trump fiscal policy ($1 trillion for infrastructure, Mexico border wall, TAX CUT!)
-strong economic data (job, housing...)
-although Trump failed with #AHCA because of Freedom caucus, I believe it's easier for him to make a compromise deal with the Democrats
Long dollar against euro, and yen
Yen: BoJ need weaker yen, started jawboning when UJ approaches 110.
Euro: French and Germany election, #Brexit (uncertainty)
*Be cautious if Draghi or ECB start talking about "rate hike"
Dollar tested long term support trendline.
Fundamentals:
-US rate hike and hawkish Feds talk this week. (except for Kashkari)
-Trump fiscal policy ($1 trillion for infrastructure, Mexico border wall, TAX CUT!)
-strong economic data (job, housing...)
-although Trump failed with #AHCA because of Freedom caucus, I believe it's easier for him to make a compromise deal with the Democrats
Long dollar against euro, and yen
Yen: BoJ need weaker yen, started jawboning when UJ approaches 110.
Euro: French and Germany election, #Brexit (uncertainty)
*Be cautious if Draghi or ECB start talking about "rate hike"
Trade active
average long UJ @110.80average short EU @1.0800
Trade closed: target reached
EU target reached.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.