EURUSD Pending Short

My EURUSD Pending short is still in play.

The reason is because regardless of all the risk on/off sentiment, USD remains to be the strongest currency atm.

1. U.S Equities at all time high

U.S is the place to buy stocks for global investors, and that means they have to exchange money into USD.

2. U.S still the safest place.

With the current trade war between U.S and China, the threat from North Korea, the Brexit, the Middle East (Iran, Iraq, Turkey), and so on and so forth, which country will you trust you money in?

Yes, USD is still the king!

3. FED

Fed cut the IR, yes they did - but so did every other major countries, and once again, USD IR is still the second highest under CAD and the reason CAD is still doing well is because Canadian economy is directly benefited by the U.S economy.


Finally, you can actually buy USD against any other currencies but I chose EUR for the reasons:


EUR/USD is the #1 go-to currency pair to buy/sell USD.

The European economy is weak comparing to U.S

There are way more risk factors in sentiment in Europe than U.S - basically, there are simply too many countries with too much uncertainties in EU

ECB is dovish compare to FED


Finally, U.S equities are way stronger than European equities, and hence, the hot global money is only going into USD.