This is a follow up for my previous chart. I am still a huge bull on the dollar. The rumors about a Greek deal managed to push the Euro lower, a classic buy the rumor sell the fact type of trade. During this correction, the Euro shorts were heavily trimmed according to CFTC.
All planets are aligned for a dollar surge. Now that the Greek drama is over, all you have left is a somewhat hawkish FED that gets good data from the economy, and an ECB that is pumping 60 billion per month into the economy. Why would you not short the Euro and buy the dollar??? I invite you to comment, I am curious if anyone has a positive scenario for the European currency.
All planets are aligned for a dollar surge. Now that the Greek drama is over, all you have left is a somewhat hawkish FED that gets good data from the economy, and an ECB that is pumping 60 billion per month into the economy. Why would you not short the Euro and buy the dollar??? I invite you to comment, I am curious if anyone has a positive scenario for the European currency.
