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USD strength

Ali Farhad


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Hi Ali. 

I think you may be right. We have seen a little strength come into the USD the last few days, however, I feel we could see more.  i have been selling the EURUSD this week, although I haven't got the strong move that I would like and may flatten my positions heading into the US weekly jobless claims in the next hour or so. 

But, I do feel we will see a lot of USD strength coming in again. It is by far the strongest and safest of safe havens and with markets expecting another sell off, im sure we will see safe haven flows again should that occur. It could be that we even see a terrible US jobs number later and that gives the market an impetus to buy currencies such as the USD JPY and CHF again. So to sum up, I thin you are right, but it's all about timing. as they say, being too early is the same as being wrong. 

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