Post
· Views 152
Morning traders, a bit of mixed messages on the 100bps chatter after two other FED officials (Waller and Bullard) threw a bit of cold water on it saying that so far they still support only a 75bps hike, that could change based on today's retail sales, but still, that's a bit dovish, if they don't support a 100bps hardly other officials do, as such we are not highly interested in USD longs any longer at the moment, the Dollar is likely to stay rangebound until today's retail sales number, then depending on that we will decide whether we can look for Dollar longs again or not In the meantime, NZDCAD shorts hit stop loss, a bit of a bummer as the CAD weakness post 100bps hike is a big headscratcher, I see this more as a squeeze than a change in trend but anyway, there's clearly some "dust" that needs to settle that is making the water blurry so to speak, waiting patiently for the right trades to appear, still a lot of patience and discipline required in this environment

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

avatar
warning Only the subscribers can comment on the posts.

Hot

No comment on record. Start new comment.