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.
These signals are incredibly educational.
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.