Today’s piece is a bit longer than usual. 2000 words, 8-minute read.
Talking about variance.
The USD is back to where I sold it. I was wrong on CPI.
Hitting the reset button.
Risk/reward on USD shorts is not as good as it was, but I still think it’s worth sticking with GBPUSD and AUDUSD longs for now.
55-day in EUR is important.
USDJPY, GBPUSD and other currency pairs are on the move in what may be a return to risk parity.
USDJPY, GBPUSD and other currency pairs are on the move in what may be a return to risk parity.
• USD higher is no longer a one-way bet.
• Rates higher is no longer a one-way bet.
• Risk parity could do OK from here.
• I am bullish GBPUSD, and bullish AUDUSD.
• USD higher is no longer a one-way bet.
• Rates higher is no longer a one-way bet.
• Risk parity could do OK from here.
• I am bullish GBPUSD, and bullish AUDUSD.
Looks like a good place to take profit on USDJPY and USDCNH longs. Also, BoC meeting sounds boring and not tradeable.
Looks like a good place to take profit on USDJPY and USDCNH longs. Also, BoC meeting sounds boring and not tradeable.
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