Dave Floyd
Aspen Trading Group
Traders, I can boil DXC down two ways.
#1: It is in a nasty, 1-year sideways chop zone that still suggests the next leg is higher and
#2: A stronger dollar points to lower levels in the S&P's and commodities.
This of course has direct implications on FX trades.
In the near-term I know all the bears are out in force - they may be right in the short-term. And for clients willing to trade counter-trend, sure, maybe there are some longs in EUR/USD that make sense. I just don't like to play the scenarios where you are ignoring the bigger picture even if you are trading on a shorter-time frame.
That's just my preference - not saying you need to play it that way.
#1: It is in a nasty, 1-year sideways chop zone that still suggests the next leg is higher and
#2: A stronger dollar points to lower levels in the S&P's and commodities.
This of course has direct implications on FX trades.
In the near-term I know all the bears are out in force - they may be right in the short-term. And for clients willing to trade counter-trend, sure, maybe there are some longs in EUR/USD that make sense. I just don't like to play the scenarios where you are ignoring the bigger picture even if you are trading on a shorter-time frame.
That's just my preference - not saying you need to play it that way.
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