AdamFx42's Blog

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Interesting week for USD coming

This next week should provide some interesting opportunities
Especially UsdJpy and Usd crosses look interesting
as FED interest rate decision is scheduled for Wednesday afternoon
Most banks and traders expect a rate hike this month, and maybe another in June
But the rate hike for this month seems a certainty now after Friday's NFP numbers
Economics are strong in the US and a rate hike should provide stimulus to the economy
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Base for low formed in USD/CHF

I am long Eur/Chf right now at 1.224, looking for a return to 1.235, and seeing that I will have some work to do this week,
I was looking for another trade - my eye fell on Usd/Chf
It looks like the 0.89 lows are being rejected again on the daily chart after a 400 pip decline last couple of weeks
Maybe this is a good base for longs - I will be taking a chance here and putting in a large long around 0.894
I don't often trade this pair because I usually have no idea which way it is heading,
but th…
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