With another strong move in the dollar today we broke the previous yearly high of 84.00, posted on June 1st . As more uncertainty enters the market over the upcoming months investors will continue to look to the dollar as their best option for safety. The Eurozone remains a problem with both Spain and Italy experiencing higher yields, and the reality of Greece not living up to their original bailout agreements both look to only further the crises. Problems in the Eurozone is nothing new, however slowing growth in both Asia and the U.S. will force the Bulls out of risk assets and into the safety of the dollar. Look for no action from the Fed this year to clear the way for the move up. Sell Risk!
Series 3 Licensed
Senior Commodities Broker
Matthew started his career trading his own account focusing on the currency markets. After graduating from Northern Illinois University he worked as a Market Strategist for MF Global. Matthew joined RJO Futures in February 2012..... Read More