Simple Trade - Sell US Dollars, Again ! - 9/22/2016
No one should be under any delusion about how market is going to act next time Fed primes market for what they don't have courage to do. Just few days ago we laid out our trade plan under the post - " USD Buying - Fool's Paradise ". In another recent post also we mentioned about how to trade current market situation by identifying the theme and exploiting the situations based on such broad currents.
Now it is difficult to envisage what is going to halt the march of,
EUR/USD - Towards 1.1400 / 1.1500
GBP/USD - Back to the range 1.30 - 1.35 ( Usual headline risk is there but below 1.30 and near 1.25, it is going to be a much easier long GBP/USD trade ! )
AUD/USD - 0.8000
NZD/USD - 0.7500
USD/JPY - 95.00
Fickle market should be taken as it is but more easy money is in selling USD than buying it and hoping for any sustainable Fed action to make it stronger.
Now it is difficult to envisage what is going to halt the march of,
EUR/USD - Towards 1.1400 / 1.1500
GBP/USD - Back to the range 1.30 - 1.35 ( Usual headline risk is there but below 1.30 and near 1.25, it is going to be a much easier long GBP/USD trade ! )
AUD/USD - 0.8000
NZD/USD - 0.7500
USD/JPY - 95.00
Fickle market should be taken as it is but more easy money is in selling USD than buying it and hoping for any sustainable Fed action to make it stronger.
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