USD index

Appears that a breakout in usdcad above 1.35 is imminent. Currently long from 1.3460 after getting whipsawed a few times. Massive consolidation below these levels

 

The way in which metals are behaving (very bearish) makes me think DX is going up.

 

Yep US investors are returning their capital back to US into bonds and cash, metals are not exclusion

 

Flat, out at 1 3493. Euro broke higher, going to take my chips off and watch.

 

Back in at 1.3479. Usdcad. Gold volatile, falling now. Interesting how Euro chart looks so similar to gold here.

 

Momentum has shifted, at least temporarily. Currently long Aussie .6929

 

Why? Any fundamentals backing this trade?

 

Why is because of the tape. I dont trade funnymentals. Just a possible reversal. Tape is really undecided here, probably will pull the plug on this trade soon.

 

They took usdcad out back and shot it, that's mostly what I saw. It just struggled and struggled to move. Just following that really. If usdjpy firms up there should be more short covering. Obviously the trend is Usd strength

 

Dollar long trade is also a very very crowded trade, per Chicago IMM figures.