A Short Squeeze in the making.....

Emerging Markets currencies sold off hard as U.S. interest rates trended higher once again. With yields in the states on the rise there is less need to look elsewhere to earn a return. Stock markets around the world have been going higher. Therefore a need to buy currency to purchase the stocks has been the trend. Watch these stock markets closely. When they start to turn the exit door to buy dollars will be very small. I am looking for the dollar to do very well tonight. Specifically against Korea, Taiwan, New Zealand and Australia.