An updated version of my previous analysis. This is how I'm looking to play the majors from a study of the dollar index. First week of September is loaded with event risk and as traders return to their desks we should see a pickup in volatility.
My bet is on dollar strength into the FOMC @ mid September at which point taper expectations will disappoint resulting in a sustained breakdown into the 78 area. I will look to initiate longs in EurUsd pre FOMC until the end of the year.
2014 looks to be a year of risk positive trading, this (IMO) including dollar strength on the majors. Shorts on Fiber and particularly Cable will be preferred.
My bet is on dollar strength into the FOMC @ mid September at which point taper expectations will disappoint resulting in a sustained breakdown into the 78 area. I will look to initiate longs in EurUsd pre FOMC until the end of the year.
2014 looks to be a year of risk positive trading, this (IMO) including dollar strength on the majors. Shorts on Fiber and particularly Cable will be preferred.
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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.