DXY as June 23, 2015 Asia Trading Session |
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, 2015Risk On Benefits US Dollar |
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