Hi everyone, hope you had a good weekend. I didn't, i don't like weekends ![](https://resources.faireconomy.media/images/emojis/64/1f602.png?v=15.1)
So as you know, US CPI numbers came out last Friday. Looking at the macroeconomics of both the Pound and the USD, USD still has the upper hand. As you guys know, i am a top down fundamental analyst and a position trader. I generally hold my trades for weeks. So the things that i say might not be useful for scalpers and daytraders. Keep in mind.
And by the way, we have FOMC coming up this Wednesday. I expect a hawkish FED. Of course that's just a guess, i will be all ears for the result of the meeting like everyone else.
I think GU should fall until FOMC though, if it doesn't, i will keep them open during FOMC too.
Opened a little short position on GU from Friday's pullback:
![](https://resources.faireconomy.media/images/emojis/64/1f602.png?v=15.1)
So as you know, US CPI numbers came out last Friday. Looking at the macroeconomics of both the Pound and the USD, USD still has the upper hand. As you guys know, i am a top down fundamental analyst and a position trader. I generally hold my trades for weeks. So the things that i say might not be useful for scalpers and daytraders. Keep in mind.
And by the way, we have FOMC coming up this Wednesday. I expect a hawkish FED. Of course that's just a guess, i will be all ears for the result of the meeting like everyone else.
I think GU should fall until FOMC though, if it doesn't, i will keep them open during FOMC too.
Opened a little short position on GU from Friday's pullback:
Wolves hunt, dogs bark.
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