Risk sentiment rose and my Euro shorts got crushed on unexpected dovish comments by non-voting FOMC member Bullard yesterday. In an interview for Bloomberg TV, Bullard said that: ''Inflation expectations are declining in the U.S. That’s an important consideration for a central bank. And for that reason I think that a logical policy response at this juncture may be to delay the end of the QE.''

The fact that Bullard, usually a hawkish FOMC member uttered those comments propelled risk assets higher while the US Dollar and Japanese Yen got sold. Today though, that move got reversed somewhat and I'm currently only down 31 pips on the Euro. My long USD/CHF trade on the other hand is 2 pips in the green. I plan to keep my Euro short trough the weekend.
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