By Scott.andrews
APR 23, 2021
USD index 23 04 2021
We saw overnight the fast sell off in equity markets with the proposed plan to raise capital gains tax to 42%. After this pull back markets held up and bounced slightly with the US dollar getting to around 91.40 then falling back to 91.20. Price is quite flat and given no up coming significant news today or this evening no clear trade ideas are on for today. Stay patient and wait for price to either fall back to 91.00 flat for a buy trade or reject 91.50 for a sell trade currently whilst price trades in this range of the 91.20 to 91.30 no clear direction is apparent and I’ll stay on the side lines for now.
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