Jackson impacting USD
Diupdate
After an important Jackson, Powell consistent attempt at persuading (or forcing) equities higher is coming to an end and it is time for a round of chart updates across the board.
This sort of tendency, which toys with the idea of tapering and rolling up purchases should be seen as such; USD shorts are increasingly less appropriate; but here the dominating factor between the two currencies is the transition to CBDCs and a race to the bottom. The well being and woes of China who are already miles ahead in their fourth beta test, will determine effectively who cancels the currency first.
A very plausible move throughout 2020 since buyers remained hesitant to play the safety leg. I was hesitant to play the leg higher but this decision made things a lot easier. The correct course now is switching to a new course, this time an ABC sequence towards 7.31x (+13% from current levels) into 2022 to offer lasting protection, invalidation for this move will come below March 2018 lows (-3% from current levels).
This sort of tendency, which toys with the idea of tapering and rolling up purchases should be seen as such; USD shorts are increasingly less appropriate; but here the dominating factor between the two currencies is the transition to CBDCs and a race to the bottom. The well being and woes of China who are already miles ahead in their fourth beta test, will determine effectively who cancels the currency first.
A very plausible move throughout 2020 since buyers remained hesitant to play the safety leg. I was hesitant to play the leg higher but this decision made things a lot easier. The correct course now is switching to a new course, this time an ABC sequence towards 7.31x (+13% from current levels) into 2022 to offer lasting protection, invalidation for this move will come below March 2018 lows (-3% from current levels).
Trading ditutup: target tercapai
a whisker away from 7.3x; good timing to start closing positions for those still holding longs in a +12% swing
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.