US Dollar Starts An Onslaught of Other Currencies

The US dollar came back strong the during Asian session going higher across the board even against yen, the aussie dollar and kiwi. It is also suddenly higher against euro which dipped below 1.0600 level and the pound which is coming dangerously to 1.2400 levels. Since both euro and the pound usually have limited flows in Tokyo session, these moves could imply a high level of volatility we might experience during the next 48 hours, until the FOMC Minutes are digested by the markets. While the Minutes are probably the main event of the week, we have plenty of other developments capable to move the markets. Greek drama that keeps euro on the edge and French/Dutch election polls. The continued uncertainty of the pound direction - (The B word) as the parliamentary debate is pending.

Well, this is what I was expecting since the end of the last week but of cause one presidential tweet can change everything so I keep my stop losses tight. In fact, I not only expect the dollar to keep moving up against European currencies and yen, but I also shorted AUD & NZD - these have less reasons to fall but both have been due for a correction. So, all my dollar long trades look good this morning and I expect tangible gains. On the other note, now that I look at my entries, they are so sloppy, they show me how much more I have to learn.
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