USD index a.k.a the DXY looks poised to weaken further.
With NFP tonight, I expect good news for the stock market and further weakness in the dollar, what news it is gonna be I will not be interested.
Last Saturday I did a webinar with Scott Carney, founder of Harmonic trading to talk about the markets.
I went on to cover what I feel about USD denominated pairs like EUR/GBP/AUD.
I told them I am expecting bullishness this week, and I am lucky I got right once again.
In conclusion, do not short XXX/USD until this 96.50 level is challenged in DXY.
Good luck for NFP and all the best to a great trading week ahead!
With NFP tonight, I expect good news for the stock market and further weakness in the dollar, what news it is gonna be I will not be interested.
Last Saturday I did a webinar with Scott Carney, founder of Harmonic trading to talk about the markets.
I went on to cover what I feel about USD denominated pairs like EUR/GBP/AUD.
I told them I am expecting bullishness this week, and I am lucky I got right once again.
In conclusion, do not short XXX/USD until this 96.50 level is challenged in DXY.
Good luck for NFP and all the best to a great trading week ahead!
