My picks: Long USD, Short EUR, AUD, NZD, CAD
Expertise: Global Macro
Average Time Frame of Trades: 1 week
In the short-term, I think the US dollar will remain under heavy selling pressure until the Us Federal reserve a clear exit strategy for quantitative easing by the US Federal Reserve. However, a recent change in 2-year interest rate differentials in favor of rate hikes by the Federal Reserve is likely to support the US dollar in the long-term. I have been short euros since last week when the EURUSD was trading at 1.3950 and I’m targeting the 200 day SMA at 1.3389.
