Sometimes it’s really hard to write a post about a topic I wrote so many times before. I’ve just recently posted an update on the USD view focusing on the EURUSD pair. Even though I am writing about the pound sterling today it goes hand in hand with the bearish US dollar thesis because the cable is arguably the most important GBP pair.
Two weeks ago I tweeted “Anyone else thinks this is likely? $GBPUSD” suggesting that I am expecting a resolution higher in price. Continue reading “The bullish pound sterling?”
I guess they could go into a panic mode and it could get ugly! In this case I would not want to stand in their way, but I would rather use the opportunity, run behind them and press the bears even more.
As you know, I am a long-term US dollar bear, I wrote about my views many times before. Two months ago I wrote a post about an expected ST correction in the dollar (or in FX pairs against the dollar). We did get it, but in EURUSD not as deep as I have been expecting. Which is not bad if you ask me, just shows how strong EUR really is. Or if one wants to put it differently, it shows how hard it is for USD to catch a bid. Continue reading “What happens if you trap some bears ahead of the winter?”
I am enjoying my time on holidays now and I wasn’t planning to post much in the next two weeks. But the trading idea I will present in this post very briefly is one of the things that just can’t go unnoticed.
Currency pair CADCHF is one of the products that respected technicals so beautifully it’s hard to describe it with words so please take a look at the next chart. Continue reading “Can technicals get any better than this?”
Is the dollar about to turn just when everyone got excited with their shorts? We’ve seen an amazing selloff in the last couple of months, and while I still believe we are in the beginning of a major bear market [please see more here], I would not be surprised if we see a corrective rally from the current levels. This would also fit well into gold story discussed in the last post. Continue reading “Dollar to catch a bid?”