Stop Trying To Catch A Falling Knife!

7 日前

Stop looking for a bullish move, until you have real evidence that the dollar is weakening. Trump traders have so far dominated markets strengthening the dollar to new highs daily. At the same time inflationary concerns arise with feds cutting 25%, with many believing the economy could have done without, as evidence of organic strengthening of the USD was present. Dollar strengthening mixed with inflation concerns will begin to cause a bubble that could be set to burst in December if feds approve another cut. Trump traders will fight against any weakening of the Dollar, as they did for this months rate cut, but will they have enough strength to battle against news of another cut in December? I personally believe they do, with the tremendous amounts of profits that have been made this month I see the EUR/USD being bearish for a good while.