short USD, long EUR and CHF

Quote from Marketfox:

IS there any chance that the EUR will rise higher today?

I don't know. But it seems like we may have bottom around 1.2100, with comfirmation of a reversal at around 1.2195.
USD/CHF will comfirm a reversal below 1.2700.
So...
 
Quote from Lon Eagle:

However between now and the end of the year billions of dollars have to be repratiated to the States by US firms, following the tax amnesty.

For the dollar to weaken against this back drop will be very difficuly.

As you correctly pointed out, those tax-free profit repatriation is the most significant factor in forex nowadays.

Nevertheless, in most cases, those funds are already in USD (won't need to be converted from other currencies to USD, just wired back to US).
 
Quote from KS96:

I have been building positions in EUR/USD and USD/CHF
in the last 16hours.
When I finish, I will let you know my average entry prices.

OK,
I am short USD/CHF at an average price of 1.2781
and long EUR/USD at an average price of 1.2140

Stops are still away from current price action,
let's wait and see first.

More later...

current:
USD/CHF 1.2759
EUR/USD 1.2169
 
Quote from KS96:

OK,
I am short USD/CHF at an average price of 1.2781
and long EUR/USD at an average price of 1.2140

Stops are still away from current price action,
let's wait and see first.

More later...

current:
USD/CHF 1.2759
EUR/USD 1.2169
dude, you got BALLS! If it was me making those trades I'd call 'em suicidal! :D

especially before the Fed rate?

fck...
 
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