Tuesday, June 23, 2015

Risk On Benefits USD

DXY as June 23, 2015 Asia Trading Session

The beneficiary on risk returns is on the USD; as US stocks emerges well both sides of the continent including the JP Nikkei 225 having a full run on the market's rally. This has been our focus in Asia ever since walking through this trend April 07 and in May 29, 2015  respectively.

The uncertainty and volatility that comes with the Greece negotiations have provided the market a roller coaster ride on price swings not only for stocks including the currency market. The DXY is currently nearing the 95.05/10 mark, a critical price if and when it stays above this level with an increase in volume transactions.

Which also led the correction lower for the Euro @1.1220 and Pound @1.5725 at the time of writing. That's why the pattern for trading has become more rapid with shorter term profit-taking within a three to four days positioning which includes Asian trading sessions on a Sunday start in the US towards a Thursday Asian session which is a Wednesday in the US market.  Timing the trades within this period for short term trades; however, we prefer to have a combination for medium to long term as part of the strategy and portfolio management. 

Cable as of June 23, 2015 

Risk On Benefits US Dollar

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