Brazil and Mexico markets took a bit of a hit today as Pimco came out and said that they were going to cut EM debt in thier portfolio's. This gave Usd/Brl an increased boost feeding off the bid nature of the market from yesterday. I have squared up my short dollar positions in Brazil (at the highs) Mexico (at the lows) and will need to re-examine the markets.
These markets have not been easy for me. Even with a clear trend (weaker dollar) I have been unable to make any real money. Fustrating to say the least.
These are the FX Trading Ideas for today.
FXTRADINGIDEAS@AOL.COM
Do you think that the current market conditions will continue?
ReplyDeleteWill the Fed Pause in August
ReplyDelete