Currencies - UUP Bullish on the Dollar
Idea for UUP (S2):
- Fed moving rate hike expectations forward.
- August Jackson Hole meeting will see the Fed begin 'talking about tapering' (even though they have been tapering for a while), why wait until then? Smart money will move before then.
- Brazil hikes rates. EM's will first race to hike rates.
- Fed and ECB will have to move by EOY.
- Technical Double Bottom.
- Falling Wedge Reversal.
- While it is early to call for a bull market in the dollar, it is showing strength, and fundamentals are bullish.
Not a bad time to start a moderately bullish position.
GLHF
- DPT
- Fed moving rate hike expectations forward.
- August Jackson Hole meeting will see the Fed begin 'talking about tapering' (even though they have been tapering for a while), why wait until then? Smart money will move before then.
- Brazil hikes rates. EM's will first race to hike rates.
- Fed and ECB will have to move by EOY.
- Technical Double Bottom.
- Falling Wedge Reversal.
- While it is early to call for a bull market in the dollar, it is showing strength, and fundamentals are bullish.
Not a bad time to start a moderately bullish position.
GLHF
- DPT
Trade attivo
Long UUP 24C Sep 17 for 0.80 debitTrade attivo
Add UUP Long 25C Jan 21, 2022 for 0.43 debitTrade attivo
DXY holds 200 MA support Nota
DXY looks strong, contrary to popular belief, adding UUP:Trade chiuso: obiettivo raggiunto
Now time for risk parity
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