Market update - FX, Indices, Crypto - CPI not cooling off

Hello everyone,

Welcome to a new trading week! The fx market is a bit muted after the CPI fiasco. It seems like the dollar was range bound across the board but i am expecting some volatile moves once February starts to kick in. I do not see any reason why the eurozone should be ahead of the dollar while the US is still standing strong. Things can change obviously so i am looking to see what PA is telling me combined with fundamentals. I believe there is a case for a strong dollar and it is just beginning. If wrong no problem, we always reasses.

You can check my trades i took from last week in this update.

I think the money to be made right now is in crypto while FX is ranging.

SPX looks toppy and i think it might sweep the highs, make new ATH and then come down which will align with taking profits into crypto and wait for another rotation when prices are getting lower. Saving ammo for this environment will bring us good fortune for 2024

Cheers and good luck into the new trading week!