Morning traders, a bit of mixed messages on the 100bps chatter after two other FED officials (Waller and Bullard) threw a bit of cold water on it saying that so far they still support only a 75bps hike, that could change based on today's retail sales, but still, that's a bit dovish, if they don't support a 100bps hardly other officials do, as such we are not highly interested in USD longs any longer at the moment, the Dollar is likely to stay rangebound until today's retail sales number, then depending on that we will decide whether we can look for Dollar longs again or not
In the meantime, NZDCAD shorts hit stop loss, a bit of a bummer as the CAD weakness post 100bps hike is a big headscratcher, I see this more as a squeeze than a change in trend but anyway, there's clearly some "dust" that needs to settle that is making the water blurry so to speak, waiting patiently for the right trades to appear, still a lot of patience and discipline required in this environment
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