Thursday, September 1, 2011

EUR/USD gets absoutely killed after ISM

It is no QE3 for now. Market's interpretation of the better-than-expected data over the last few days is boosting the dollar. I am a dollar bull, have been for the last month. I am definitely thinking that Fed is on hold. All this possible talk of QE3 will be diminished (if not already) by better data. Of course just as I say this, we may get a negative NFP tomorrow, and it will all reverse. This market is bipolar at best...

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