Today, at least two of those are becoming reality.
True, Williams doesn't expect much downside pressure on the euro despite Spain's credit-rating cut, since the Federal Reserve is holding on to low interest rates which will weigh on the dollar. Still, he says, "the GDP data showed the situation in the U.S. is not really rose, and there's still some risk on the China side as well."
The Australian dollar tends to trade lower on poor global economic news, and today Williams wants to sell the Australian dollar against the dollar. He recommends entering the trade at 1.0450 and setting a stop at 1.0600, and he thinks a good target is 1.0000.
You can watch the discussion on the video.
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