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03/02/2014: Watching dollar pairs for opportunities to sell into any strength

Last updated: May 3rd, 2017 at 09:59 pm

I increasingly like the way the Dollar is performing in this safe haven environment.

EUR/USD and GBP/USD are both looking to me like any strength is a chance to sell (only real exception is dollar/yen).

I am just eyeing up some entry levels for short positions.

Hoping that maybe a slight miss on the ISM number at 15:00GMT will give me a chance to sell (56.0 expected)

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At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.