Dealers: increased a little bit the shorts, they are countertrend, i didnt like this move honestly, but they have some bullet still loaded as they never reached the extreme during the downtrend. will they use it?
Tot short speculative: still very low. probably a major move has to come
Tot long speculative: too loaded
Following the dollar index i wont bet on a major move up, but there are a lot of things to consider: brexit,covid, fiscal stimulus, new qe. Market is not calm and the fundamental might change the technical forecast drastically
Good luck, I'm very tempted to buy AUD/USD as well, but I'm concerned about the stimulus deal. Correct me if I am wrong, a deal means weaker USD right?
{quote} Good luck, I'm very tempted to buy AUD/USD as well, but I'm concerned about the stimulus deal. Correct me if I am wrong, a deal means weaker USD right?
Hello, thanks for your reply. Do you mind sharing your thoughts on AUD/JPY? Also, at this current hours, liquidity is thin-only us Aussies are up and spreads are wider. How do you suggest one would trade, if at all?
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