US Dollar has been on a decline ever since the Fed declared its QE program in March sparking a huge rally in Equities.....For Months now... the short dollar, long commodities - Copper, Oil, Aluminium, Steel, Aussie Dollar, Canadian Dollar trade has been working wonders.... Is it time now that the party is coming to an end now....
After a five wave decline in US Dollar, we think the Dollar is poised for a reversal....As everyone and their brother convinced that the Dollar is doomed and can give five good reasons they should be selling dollars now, is the boat too tilted in one direction.... What happens when everyone in the boat turn to one side...it topples over....
We want to do the hard trade here...as the hard trade is the right trade.....
Long USD with the dollar index at 78.81 keeping a stop of 77.00. and lets monitor the trade....
No comments:
Post a Comment