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USD index
- Thread starter Piptaker
- Start date
Risky trade ahead of the ECB meeting next week. Today Euro stood solid against Dollar despite its appreciation against other majors. Probably there are strong expectations ECB will reverse saying something positive about policy tightening outlook.Short EuroUsd 1.1366. Aussie is down, gold down, looks like a head and shoulders, that's enough for me.
US economy is solid, Chinese also seem to manage their problems (look at February manufacturing PMI), global recovery may resume and this emerging trend may be on the radar.
Nope the tone remains surprisingly same. Upbeat Core PCE reading did its jobs, fixed income market yields up, dollar rallies. Gold seems to be under heavy pressure because of revival of risk plays.I closed it out, again no follow through despite the backdrop. I like to go into the weekend flat anyway. Next week can have a completely different tone.
Let's see if the ECB will choose something neutral instead of recent dovish rhetorics.
GDP miss was truly devastating news for AUD bulls, I think now rate cut is imminent in Australia.Aud/Jpy getting pummeled. I'm short Aussie .7082. Out of Euro long at a small loss.