Daily Archives: July 29, 2017

Make Way for Uncle Buck

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It has been a contrarian trade that has not yet worked out; by that I mean my short position on the Euro and preparation for a firming US dollar. Yesterday the market cheered the supposedly dovish Fed, and USD got smeared again as the world’s counter party paper boosted assets far and wide… on nothing but perceptions and a hell of a lot of momentum and gaming on FOMC day.

USD opened weak again today but so far at least, is sporting a Hammer which, if it stays in play, would be a bullish reversal candle.

usd

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