Today we saw a flight to the dollar and the headlines are saying it's because of Paris, and the response to the terrorist attacks. While a tragedy that we should all mourn, the reality is this attack has very little affect on any global macro themes whatsoever. The markets are pricing in a rate hike in the United States, and so they will look at anything negative as an opportunity to unload on risky assets and run towards safe havens. It appears the dollar is currently playing the safe haven role. This could change, but right now it is not likely. We are now calling for a break of 99.50 resistance this week which will propel most currencies, especially those commodity based, in the opposite directions.
We've linked our live trades shared, that are playing into this theme, attached below.
We've linked our live trades shared, that are playing into this theme, attached below.
