Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Dollar Bottoming

I'd think price wise we are getting close to a bottom in the Greenback. As measured by most of the major currencies the U.S. Dollar rally has retraced nearly 2/3rds of the Nov/Dec up-move following the election.

Despite the U.S. President's low emotional quotient, and a bear market in XRT -- the largest U.S. retail stock index -- the Republican party controls both the house and senate, and likely something will stick to the wall sooner than later.

We will also see the seasonal spring pick-up in the northern half of the U.S., and Millennial home-buying numbers could surprise on the upside.

I have started nibbling on long USDCHF leveraged positions.