Profitable Week So Far
Investors have moved to less-defensive positions amid signs of a Ukraine de-escalation. Russia’s apparent pullback led to some relief in the market and risk appetite drove the U.S. dollar lower and risk assets higher. We were able to book some good profits with our buy position in the EUR/USD, our sell position in the GBP/USD and last but not least our buy position in the DAX that surged by more than 3 percent from our entry level.
Today, the FOMC minutes at 19:00 UTC will be closely watched. If the minutes are perceived as hawkish, the dollar could soar against other counterparts.
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