USD (DX)_ Could trade the FOREX but the currency futures seem easier; and are traded on a regulated exchange.
the Value of the contract is $1000 x the index (which is today 93.000). The surprise decision by the Swiss National Bank to stop holding down their currency and therefore allow it to rise.And rise it did by some 30% catching the leveraged world on their back foot. The Euro dropped and the SF rose.
The ECB will announce their version of QE next week on Jan 22nd.
Weekly – Not so much activity in the DX. Trade pressures are up and volume is bullish.
Still at point and a half swing. The next target up is 94.68.
Daily – The SF move caused enough volatility in the DX to stop out any short trades.
Still long from the 86.38, the next target up is 96.04.
A close below 92.04 would signal lower.
30YR T-bonds_ Both e weekly target of 150-14 and the Daily target of 151-12 have been met.
Weekly – Trade pressures are up. Volume is bullish.
The next target up is 154-18.
Daily – Trade pressures are up. Volume is bearish.
The next target up is 159-05.
The next short entry is 149.15.