Friday, August 1, 2014

Bull run ended for USD

The second quarter advanced GDP in US surprised many by showing a growth of 4% on Wednesday.
The bull run for the USD started then and I went in long for USD/JPY and shorted NZD/USD, AUD/USD and EUR/USD.

However the run has come to and end in my opinion. I entered in line with the weakening dollar, holding long positions in GBP/USD, NZD/USD and shorted USD/CHF.

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