the supply entering circulation has been drastically reduced . Plus the lunch of etf . I see bitcoin a buy for a while . Lets go bulls and stay in the trade until otherwise
the retail sales report will be out in less than an hour . This can go either way , however its a decent sell a the moment . Nanage your risk and go for 1:3 risk reward with 0.2 of your trading account as stop loss... lets go bears on this one .
Inflation in Sweden was low . That means there is no need for further rate increase to curb the infllation . We are expectin a rate cut in May . So what does that mean? Lower value for sweedish currency which means?? Lets go bulls on this pair
since the data was favoring US over other basket of currencies both becaus eof the posyponed rate cuts and massive increase in retail sales data , i beleive the green back is still a buy so down we go dear euro!
