Bearish Bet on USD: Rolling to July

UUP: Trader rolling his bearish bet on USD out to July
Sold (Expired) 179,820 06/21/2019 $26.0 p $0.01
Bought 179,820 07/19/2019 $26.0 p $0.17
Thesis: Rate cut 100% probable July FOMC meeting will weaken USD while geopolitical uncertainty and reduced inflation concerns make gold more attractive.

/ES: Yesterday’s Machine Trading

Screen Shot 2019-06-20 at 9.11.50 AM

Yesterday, I posted this signal during the 15-minute period preceding the FOMC announcement (see below). ¬†Contained within that relatively small price bar were “fast trades”. ¬†It never ceases to amaze me how, in the moments preceding market moving events, low latency trading foretells the future.