Great discussion on here about the $.
Here is my little 2 cents on the $dollar
1. Markets firmly believes in June rate hike = FOMC should hike in June lest they cause unnecessary shock to the system. Probability of two more hikes is still up in the air.
2. $ is really oversold now considering we are talking of a rate hike in June.
DXY at what I think is around key support:
I think the market is keen to move on from Trump palaver.. all things being equal (no more Trump nonsense, and no downside surprise in FOMC minutes) the $ may rally from here on into month end...
I am thinking of shorting this useless and stubborn NZDUSD... I mean the rally is utterly baseless and without reason!! Wheeler wants a weaker NZD right? So why the rally?!
Here is my little 2 cents on the $dollar
1. Markets firmly believes in June rate hike = FOMC should hike in June lest they cause unnecessary shock to the system. Probability of two more hikes is still up in the air.
2. $ is really oversold now considering we are talking of a rate hike in June.
DXY at what I think is around key support:
I think the market is keen to move on from Trump palaver.. all things being equal (no more Trump nonsense, and no downside surprise in FOMC minutes) the $ may rally from here on into month end...
I am thinking of shorting this useless and stubborn NZDUSD... I mean the rally is utterly baseless and without reason!! Wheeler wants a weaker NZD right? So why the rally?!