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Hello traders,
It is Wednesday, the day in which there is ADP which follows Fridays NFP. Nearly 3 years all traders were trying to short the EUR and Long the USD and now when we see that the hawkish mood of MRS Yellen will come and the interest rate will try to go up I am very surprised to see that sentiment is for buying European useless paper and sell dollars. I am sure that until end of next week we'll see EUR/USD at 1.32 at least. But please buyers buy some more to give me opportunity to enter in better position on short. The prediction for the unemployment is to drop from 6.1 to 6. This is the least we can see. I predict it will be 5.8. The recovery of US economy is rising very fast. Also the tension in Europe, Ukraine, Gaza and near regions gives uncertainties which weakens. For today I am just very disappointed that forgot to buy USD/SEK it was obvious that Swedish krona suffers from the GDP and some rising in employment also their is inertia of the brutal lowering of the interest rate.
But for today that is it. Everybody will wait Friday so a little bit up and down and ending in the start of the day.
It is Wednesday, the day in which there is ADP which follows Fridays NFP. Nearly 3 years all traders were trying to short the EUR and Long the USD and now when we see that the hawkish mood of MRS Yellen will come and the interest rate will try to go up I am very surprised to see that sentiment is for buying European useless paper and sell dollars. I am sure that until end of next week we'll see EUR/USD at 1.32 at least. But please buyers buy some more to give me opportunity to enter in better position on short. The prediction for the unemployment is to drop from 6.1 to 6. This is the least we can see. I predict it will be 5.8. The recovery of US economy is rising very fast. Also the tension in Europe, Ukraine, Gaza and near regions gives uncertainties which weakens. For today I am just very disappointed that forgot to buy USD/SEK it was obvious that Swedish krona suffers from the GDP and some rising in employment also their is inertia of the brutal lowering of the interest rate.
But for today that is it. Everybody will wait Friday so a little bit up and down and ending in the start of the day.
