Day 559: Trump’s Dollar scare

Profit: $18.61 Total: $623.04

Trump ended the market in a surprise attack late afternoon when he claimed the dollar was too strong. The dollar is down about 0.5% since Trump’s comment and is still falling during Asia session. I don’t think the market will challenge Trump’s comment as a bluff and instead act accordingly, which is to sell the dollar before Trump takes actions to depreciate. In my opinion, the dollar is going to continue to fall and safe havens will continue to rally.

Today was one of the better days as my short dollar positions profited from Trump’s comment. Some may call it luck but there was definitely more than enough signs in the charts that dollar was looking for a leg down. This whole week I was selling dollar and today was one of the days luck was on my side.

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