Forex News
so apparently the bank of Japan is appointing this guy that wrote the book on exiting monetary easing literally.
if everything goes as I predicted then soon the Euro and the yen should start getting bullish as the dollar starts getting more bearish.
I am waiting anxiously for these turnaround moments to get into some longer term investments in the currency space.
it was appearing like the dollar Index was trying to roll over the past few weeks. but there has been no full confirmation of this turnaround in the dollar Index yet. it seems like that time is near. unless we get more macroeconomic news soon to push the dollar up further I can see the dollar strength easing.
$Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$
if everything goes as I predicted then soon the Euro and the yen should start getting bullish as the dollar starts getting more bearish.
I am waiting anxiously for these turnaround moments to get into some longer term investments in the currency space.
it was appearing like the dollar Index was trying to roll over the past few weeks. but there has been no full confirmation of this turnaround in the dollar Index yet. it seems like that time is near. unless we get more macroeconomic news soon to push the dollar up further I can see the dollar strength easing.
$Powershares Exchange Traded Fd Tst Db Us Dollar Index Bullish Fund Etf (UUP.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.
19KFollowers
2986Following
33KVisitors
Follow
SpyderCall OP : what do you think @iamiam?? I am assuming you don't care much for the yen but this dip is starting to look appetizing. do you think this new guy can get some yen strength going in the future? or do you think this is just nothing Burger as usual with the Japanese yen?
iamiam SpyderCall OP : the dollar is pulling back, the yen and euro should gain strength, then the dollar is going to run again, I dont know why but I think we have a 114 future dollar by sept??? your analysis is pretty on point for short term
SpyderCall OP iamiam : I can see that happening by September. it's definitely a possibility