Talking about April/May seasonality in the dollar (and other stuff).
Risk to USDJPY and AUDUSD longs is increasing. I’m out!
Sell stocks around 4585. Stick with long cross/JPY despite verbal jousts. Short GBPUSD.
Historically, selling USD on the first Fed hike has been a good idea.
JPY is a rates trade. SNB intervention is irrelevant. Gold looks a tad troubled.
JPY and tax seasonals plus a very interesting academic paper and MrBeast.
In the midst of deleveraging, sometimes it’s best to step aside and let the dust settle.
It feels like contagion might be over given blowoffs in many markets. But I’m not ready to engage here.
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