At 10:49 PST the U.S. Dollar index DXY is running at 97.81. It is down
-0.09%.
This are selected rates at 10:52pst,
EUR/USD - 1.08143 sell, 1.08147 buy.
AUD/USD - 0.77032 sell, 1.08147 buy.
USD/JPY - 119.891 sell, 119.894 buy.
AUD/JPY - 92.354 sell, 92.354 buy. (Difference between the sell and
buy prices is call the spread, notice that audjpy has a spread of 0. This is a
good spot to place a trade if it is at a good position on the trend.)
The trends that I wrote before still
stand. The EUR continues to look like a down trend with the USD an uptrend. The
FED is still planning to increase interest rate the big question is when. By all
cost, economists predict that in the near future. This will cause the US dollar
to increase in value.
The ECB is till under QE. QE is expected
to last until September 2016. That means the EUR has more to depreciate. People
are looking for the interest gains. Interest gains are the least ‘riskier’ of
investment. This will also cause the AUD and other emerging markets currencies
with higher yields to appreciate. I would stay out of placing a trade with a
higher yield currency against the USD. That is because the USD is expected to appreciate
and that would make the other currency to depreciate. I would use other pairs
like EUR or JPY against a higher yield currency.
Total Gains 2/1/14 - 4/8/15
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