Market Comment:
EU is falling. AU is falling. These are dollar strength moves ahead of USD high impact releases later today.
Why ahead of time? The one thing that comes to mind is the dance EU made the other day....down before news, up at news and then down again later the same day. Could this be the BBs strategy today, too?
Or, is the anticipated news being worked into the pricing ahead of the news,.....then everyone will sit on their hands and wonder what will go wrong next?
I don't believe the US (gov't and corp theives) want a strong dollar, so a play upwards could come at some point.
Here is an interesting pair,UChf. It tracked EU down Friday when EU got hammered. But it has not continued to follow EU down, and EU has dropped a huge additional amount since Friday! So, what is with UChf not dropping more? Is the Swissy not being bought as euros are sold? My take is that UChf is already so well hammered to the basement floor, that even the Central Banks and other BBs cannot figure out what to do now! Driving UChf even lower is akin to being ridiculous! There is no way the Swissy should be valued so strong as it has become against the USD. Something is going to bust loose,.......anytime now!
Anyway, I entered UChf long yesterday, and later killed the SL, so I am still in the trade. I mean, how much lower can this go, without the heads of Central Banks and some BBs being carted off to jail! I quite imagine the London session will attempt lows again, at which point I intend to add,.....and again if the US BBs spike it down.
EU is falling. AU is falling. These are dollar strength moves ahead of USD high impact releases later today.
Why ahead of time? The one thing that comes to mind is the dance EU made the other day....down before news, up at news and then down again later the same day. Could this be the BBs strategy today, too?
Or, is the anticipated news being worked into the pricing ahead of the news,.....then everyone will sit on their hands and wonder what will go wrong next?
I don't believe the US (gov't and corp theives) want a strong dollar, so a play upwards could come at some point.
Here is an interesting pair,UChf. It tracked EU down Friday when EU got hammered. But it has not continued to follow EU down, and EU has dropped a huge additional amount since Friday! So, what is with UChf not dropping more? Is the Swissy not being bought as euros are sold? My take is that UChf is already so well hammered to the basement floor, that even the Central Banks and other BBs cannot figure out what to do now! Driving UChf even lower is akin to being ridiculous! There is no way the Swissy should be valued so strong as it has become against the USD. Something is going to bust loose,.......anytime now!
Anyway, I entered UChf long yesterday, and later killed the SL, so I am still in the trade. I mean, how much lower can this go, without the heads of Central Banks and some BBs being carted off to jail! I quite imagine the London session will attempt lows again, at which point I intend to add,.....and again if the US BBs spike it down.