Sunday, February 19, 2017

Why Being Long The US Dollar is very Risky in 2017

Why Being Long The US Dollar Is 'very Very Dangerous' Right Now - 19 Feb 17












"The market is not buying what Janet Yellen is saying. And that is actually a very, very telling sign," Schlossberg of BK Asset Management told CNBC's " Trading Nation " last week. "When the Fed chief says, pretty much unabashedly, that she's going to go to three rate hikes, and she sort of talks up the economy, and yet the market remains skeptical, that's telling me something," he added. "That tells me that both markets remain skeptical about the continuity of this potential growth as we go forward," he said, adding that these issues are lending themselves to being long the dollar right now would be "very, very dangerous" due to such uncertainty.





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