Seeking Alpha

keithpiccirillo » Comments » FXE

  • 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.
    Dec 14 18:05 pm |Rating: 0 0 |Link to Comment
More on FXE by keithpiccirillo
keithpiccirillo's
Comments Stats
54 comments
Rating: 10 (13 - 3 )