We had called the 'toxic dollar' situation early on:
The mighty US dollar (or wolverine as i had called it) was about to lose steam or it could lose itself as it became dangerous for it's allies and yes, opportunity knocked on the door as central banks started hiking, so we did open:
Today, the 105,4 support has been breached and a further drop is expected to 101 level.
Great for our Forex trades and time to look back at Gold and silver (i had been using Gold as a hedge and did me well but Long on that now as well).
One Love,
the FXPROFESSOR
PS. Yes, Powell's comments yesterday have a lot to do with this but i prefer data so remmeber: NFP tomorrow could be HUGE
The mighty US dollar (or wolverine as i had called it) was about to lose steam or it could lose itself as it became dangerous for it's allies and yes, opportunity knocked on the door as central banks started hiking, so we did open:
Today, the 105,4 support has been breached and a further drop is expected to 101 level.
Great for our Forex trades and time to look back at Gold and silver (i had been using Gold as a hedge and did me well but Long on that now as well).
One Love,
the FXPROFESSOR
PS. Yes, Powell's comments yesterday have a lot to do with this but i prefer data so remmeber: NFP tomorrow could be HUGE
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