Hi friends,
Dow went crazy euphoric yesterday.
Hourly indicates that USD may be reaching ceiling.
Im unsure of the trend right now, it would have been a smart option if we had stretched th range the past few days.
im not sure of anything yet right now. Data shows weak US, fomc already indicated that, the inability to increase rates and decrease it.
My predictive me thinks USD may float for a while as the rest of the world economy take a tumble and proly go on interest cuts. Thus, im not expecting anything spectacular on the YEN, but gbp, aussie and to a certain point euro, may pin the trend.
The above is of course just a mere opinion, it should not be pre-empted into my intraday trading mindset, coz it may kill me. follow where the hot money goes. Technically usd bulls are losing momentum.
Sitting out...
Dow went crazy euphoric yesterday.
Hourly indicates that USD may be reaching ceiling.
Im unsure of the trend right now, it would have been a smart option if we had stretched th range the past few days.
im not sure of anything yet right now. Data shows weak US, fomc already indicated that, the inability to increase rates and decrease it.
My predictive me thinks USD may float for a while as the rest of the world economy take a tumble and proly go on interest cuts. Thus, im not expecting anything spectacular on the YEN, but gbp, aussie and to a certain point euro, may pin the trend.
The above is of course just a mere opinion, it should not be pre-empted into my intraday trading mindset, coz it may kill me. follow where the hot money goes. Technically usd bulls are losing momentum.
Sitting out...