USD "Schinanigans" - Your opion and predictions
John McClark:
Despite higher interest rates after almost a decade of unchanged ones and good economic data for USD, we are seing USD getting weaker against other currencies and no real movements in the right direction...
What are your predictions for EURUSD, will it go down or up? From the economic outlook the EURUSD should be falling...
Any analysis and that stuff is appreciated... You gonna help a lot of traders....
Some factors:
- The rate hike was already priced in
- The statement was underwhelming
- EURUSD option expiries: 7 billion @ 1.09, 6 Billion @ 1.08
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Despite higher interest rates after almost a decade of unchanged ones and good economic data for USD, we are seing USD getting weaker against other currencies and no real movements in the right direction...
What are your predictions for EURUSD, will it go down or up? From the economic outlook the EURUSD should be falling...
Any analysis and that stuff is appreciated... You gonna help a lot of traders....