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Jamie’s Analyst Pick: 7/14/2015

Jamie’s Analyst Pick: 7/14/2015

Jamie Saettele, CMT, Sr. Technical Strategist

In the last week, I've seen articles that profess the USD will be the biggest beneficiary of chaos in Greece and China (safe haven status). I've also seen articles suggesting that the biggest winner in the Greece deal is the USD (now the Fed can raise rates)! In other words, the USD can't lose. The 'USD can only go up' line of thinking indicates that the USD probably won't go up. We've been (and still are) short USDMXN for a week. Visit SB Trade Desk for more analysis and trades.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.