Market seems to be discounting that possibility. Doesn't mean he will win, it's just that it looked like he had no chance a month ago. Also, I'm beginning to suspect that the bond market may be the underlying cause. But there may be no correlation. Also , I would add that the Chinese economy seems to be strengthening, and we seem to be slightly weaker ala housing and autos for instance. Maybe we are weaker than the rest of the world for a change. Anyway, don't fight the tape. I do it anyway and wonder why TF I just did that. Like Nzd last night. And I was bullish going in and had been long. I just started thinking that weakness in equities would lead to a flight out of the risky currencies. Not so. It was all dollar weakness.
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- Thread starter Piptaker
- Start date
Out of all my currency longs except a tiny long aud. Getting a little frothy, and they will probably run further, but I'm up really really good on the week and I don't want to give much back. The same people who were long dollars late last week are the same ones who are going to start chasing this move I believe. Not saying it's over, just a little extended. I've seen the prettiest looking patterns get trampled on when some big OTF comes in and steps all over my expected move.
What's happening with greenback? trump wins or what?
May see some unloading of positions with dollar crosses, some risk management so that means chop