07/20/2016 – US Dollar
- July 20, 2016
- US Dollar
September US dollar index:
1. In Wednesday’s July 13 Williams edge meeting (and subsequent meetings) it was noted that the September US dollar index (then trading at approximately $96.50), was expected to advance to $97.10 (or higher) from there.
2. The September US dollar index initially declined and then reversed higher and completed the $97.10 upside target on Tuesday, July 19. Therefore, the index required several additional days to complete the trade, making new entry unlikely. Will message any further entry or indication in the September US dollar index.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.