Wednesday, June 29, 2016

Euro, Dollar, Pound...06.29.16

Another big up day as worries over BREXIT start to subside as analysts presented arguments today supporting US equities as the risk adjusted place to be.  As a result TLT was crushed along with the inverse ETFs.  Its end of the month going into Friday and the bulls still have the edge.  My wife the Forex trader uses Bollinger Bands on multiple time frames to help enter and exit trades and she happily showed me the the current Euro dollar and Pound/dollar charts to inform me "I told you so." when she predicted a major turnaround Monday night.

Charts courtesy of OANDA.