With Bad US Data, I believe the FED will postpone the rate decision to September 2015 OR in my opinion, we will not see a rate increase this year.
The anticipation for a rate hike was priced into the USD and with bad data coming out of the US, I think bears will take control of the market until September.
Therefore, I would like to sell the USD on rallies until 11200 level (This is about 800 points from current levels). This means we may see around 1000-1500 pips opportunities in USD pairs.
The anticipation for a rate hike was priced into the USD and with bad data coming out of the US, I think bears will take control of the market until September.
Therefore, I would like to sell the USD on rallies until 11200 level (This is about 800 points from current levels). This means we may see around 1000-1500 pips opportunities in USD pairs.
