Dominic Schnider of UBS Global Wealth Management discusses factors affecting the currency markets including the U.S.-China trade war, and says the global environment is supportive for the U.S. dollar.
One of the banks previously been fined for FX manipulation. This is what they do to let the DM (Dumb Money) sell into their "bag-holding" - buying all the DM selling, believing in their scam analysis. Let us see how the E/U looks like in a week or so from now. I start scale in buying with you….UBS, at 1.0912, even I realize we will likely hit "Whole number" - 0900 first, and possibly 0880, as is a strong Pivot. Continue buying if we move down there first.