The US Dollar has strengthened quite a bit, time a pull back I think, what could go wrong with the USD?My technicals are telling me the dollar will have a tough time over the coming days/weeks. The fundamentals should unravel. I'm staying on the short side of USD, thinking of the Long positions on popular cross currencies like EURUSD, GBPUSD.
Read MoreDXY seems to have found resistance around the 99.4 level. I'm not sure so this is the end to be honest, as I can see the recent descent weakening and we could easily see buying coming in through Thursday and Friday as the Non Farm Payrolls comes up. For now stay on the long side of DXY thus shorting other popular pairs against the USD.
Read MoreBrent Crude oil (XBRUSD) reached the high levels of 2008, but it didn't make a new high! That's not good, this usually tells me, we're not done yet. So I've waited on the sidelines to see Brent Crude back close to $100 and we have it, and this should be a good opp to buy and take brent crude even higher to around $145 or more!
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