Open trading account 
Strange price action in the last 24 hours: first the dollar was up, then down but eventually closing the day with gains. Recent price action has a lot to do with equity markets which are getting spooked by the possibility of a faster than previously thought rise in interest rates in the US. Yields are also going up like there’s no tomorrow, hitting multi-year highs. The FOMC Minutes induced storm has past – what now?
I think now back to the “normal” trading, which means that dollar will keep moving higher at least until the levels when euro, the pound, and other currencies become attractive to buy again. In other words, I believe we might see some range bound trading, until March 21 when the dollar path will become clear.
For EUR\USD 1,25 – 1,20 range
For GBP\USD 1.41 – 1.36 range
I took some loses yesterday and some of my positions looked almost like scalping, but overall, I surpassed 700K equity mark in my trader contest account. As of right now, I have 4 positions open, three dollar long against euro, pound and PLN, I’m also short on GBP\JPY.
I think now back to the “normal” trading, which means that dollar will keep moving higher at least until the levels when euro, the pound, and other currencies become attractive to buy again. In other words, I believe we might see some range bound trading, until March 21 when the dollar path will become clear.
For EUR\USD 1,25 – 1,20 range
For GBP\USD 1.41 – 1.36 range
I took some loses yesterday and some of my positions looked almost like scalping, but overall, I surpassed 700K equity mark in my trader contest account. As of right now, I have 4 positions open, three dollar long against euro, pound and PLN, I’m also short on GBP\JPY.
