Friday 21/08/2020 - Whats shifting the dollar?

I know what you thinking, actually I don't and if I did you might say "get out of my head as I don't even drink coffee"!

So lets talk the dollar, the greenback, the currency that moves all currency's. The US seems to find it's self in what I can only imagine must feel like a pickle jar with nothing but vinegar inside. That's great if you have some sliced cucumber and it's ready to be packed back into that used pickle jar. Hey, we were all students once upon a time and if you like pickles on a cheese sandwich, it's a cheap and nasty fix, right. Speaking of cheap and nasty fix's, let's get back to the greenback, which at the rate the US is printing leaves us all shrugging our shoulders.

Look, it's not all gloom and doom to be honest as we are seeing fantastic strength in the dollar as it moves long over the last few days. On and around the 12th of this month the dollar took an epic dive south heading short/bearish from 93.805 as though someone had said lets go diving for treasure. Never the less over the last few days we have seen incredible moves long/bullish back as I write this to 93.295 with the lowest trading position of 92.100.

It's of my opinion that as we move into the running race of who will govern the most powerful nation on earth, we can expect to see strength in a possible bull-run long. All this to give a sense of security to it's citizens, even if it is a false sense of security.

Happy trading, Trader!

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