Re: Predict the direction of the Dollar thread
Wow this really sucks. Market down 335 and the dollar hasn't budged. The last 350 point move down in the Dow produced a 264 pip range dollar strength bar. Today that same size moved produced no strength at all. I'm cutting this trade at breakeven if EUR/USD gets back up to my 1.4467 entry.
Looks like my logic isn't holding here. The end of the rate cuts and the inflation talk should have helped strenghten the dollar. It didn't. Looks like the dollar is alot weaker than I thought. Also seems the market has absolutely no belief that a rate cut cycle is ending. Bonds went through the roof pushing rates right back down. UGLY.
Cutting this one and picking a better time to try this trade.
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