3 Ways to Play the Dollar's Reaction to Monday's Manufacturing Report [View article]
OK then. Thanks for the article. We will now in about 20 hours how the Daily FX idea worked out for Monday's start, but nothing is static and it may be a non event - dollar hasn't moved crazy like equities and there are a myriad of factors that move the dollar. A trader who charts may go with the UUP as its been down 5 straight days or 4.6%. However a lower interest rate on Wednesday would probably drop the dollar and it may be a Tuesday evening play of the UDN. We have more deficits in the near future as imports should exceed exports for quite a while. Our credit status will not get better which will hurt the dollar too.
3 Ways to Play the Dollar's Reaction to Monday's Manufacturing Report [View article]
We will now in about 20 hours how the Daily FX idea worked out for Monday's start, but nothing is static and it may be a non event - dollar hasn't moved crazy like equities and there are a myriad of factors that move the dollar.
A trader who charts may go with the UUP as its been down 5 straight days or 4.6%.
However a lower interest rate on Wednesday would probably drop the dollar and it may be a Tuesday evening play of the UDN.
We have more deficits in the near future as imports should exceed exports for quite a while. Our credit status will not get better which will hurt the dollar too.