Long the US dollar over a minimum 9-12 month horizon/b]
Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback.
Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields. Simply, a hike in interest rates is more likely than the aggregate of market participants think, but it will be a reactive move from the Fed once inflation has already well-and-truly overshot.
Full notes to follow
Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback.
Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields. Simply, a hike in interest rates is more likely than the aggregate of market participants think, but it will be a reactive move from the Fed once inflation has already well-and-truly overshot.
Full notes to follow
Trade attivo:
Long in half size. Monitoring the weekly channel and daily chart for a retracement to add.