From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
As risk comes off the table in this messy market, we want to continue to look for opportunities to bet on the US Dollar.
Bonds are catching a bid. Procyclical commodities are consolidating below overhead supply. The AUD/JPY is rolling over. The Yen is strengthening. And of course, King Dollar has begun to reassert its dominance.
Consider all this defensive posturing within the context of the choppy year-two environment we’re in, and it appears investors are really beginning to seek shelter from the storm.
And what’s one of the most popular safe-haven assets?
We’ve already laid out several opportunities to buy USD last month that you can check out here.
Today, we’re diving into yet another great trade setup materializing in the US dollar vs. Singapore dollar (USD/SGD).