USD index

[Cswim63]

Watched as my usdcad position refused to break 1.3023 while EUR and GBP went down. Aussie really stuck as well. Working on a trading idea which says that Aussie and Cad lead USD. I've seen many times where Aussie will not follow Euro, and the move gets cut off. Same with Cad later in the week. Still needs work, just food for thought.

 

[themickey]

https://www.bloomberg.com/news/arti...easons-to-short-australia-s-dollar-macro-week

 

[Cswim63]

Currencies not tradeable in present form. There's just not enough volatility. Maybe during London open. I won't be around for it though. Zzzzzzz.

 

[themickey]

All signs here today indicate it will be a bearish day Tuesday US time, for DX and bullish day for metals.

 

[themickey]

https://www.bloomberg.com/news/arti...p-may-sell-dollars-as-weapon-in-u-s-trade-war

 

[treeman]

it's sitting right at the hairy edge. It might finally break out tonight.

 

[treeman]

:0

If there’s a throwback, I’ll be double dipping

 

[Cswim63]

Currently short EUR, Cad from just before London close. Still too much left standing. My opinion is that this thing is just getting going. My fear is that someone makes a deal in the middle of the night. Trump playing hard ball, but the Russians are waiting so ultimately I don't think they can let Turkey fail.

 

[treeman]

Nah, the dollar popped like a cork

 

[Cswim63]

This trade looks crowded already. Not much panic yet. Need to see some bank fail, or word the authorities need to step in to rescue something. Or rumors of a large hedge fund in trouble. Turkish banks on the ropes--Some other bank is holding the opposite side of that. Probably somewhere in Euro land.