Open trading account 
Annual meeting of central bankers at Jackson Hole is here. The US dollar is on the defensive this morning but I believe it is not for long. I expect dollar buying marker reaction to resume later during the American session, that's why I loaded up my account with long USD trades against euro, British pound, Canadian dollar and Australian dollar. Last night I also opened long USD/JPY but my stop loss was tight and that position was closed when the pair retraced back to 108.60 level.
In my opinion dollar has been losing for too long and the market has become immune to scandals coming from Washington. The wild card here is Mario Draghi his speech will be scrutinized perhaps even more than Chair's Yellen but I my hopes are that it will send euro down.
In my opinion dollar has been losing for too long and the market has become immune to scandals coming from Washington. The wild card here is Mario Draghi his speech will be scrutinized perhaps even more than Chair's Yellen but I my hopes are that it will send euro down.
