DXY Chart and some thoughts

Patrick Reid

#dxy One very simple chart that tells me everything I need to know Chop city as dxy can not find direction. FOMC rhetoric supports this post the "neutral/dovish" pivot. Non trending PA caused stops to be taken out for many medium sized desks. Risk on together with USD buying all rather odd on some days last week. Adding to indecision. Swaps, OIS, ED Futures do NOT tell me anything either. Again choptastic. It has never been so difficult to get your teeth into a move. FX is with out doubt the hardest asset to trade at the moment. The recent Asia flash crash needs to go the naughty corner