As geopolitical and global growth concerns ramp up, investors have been shifting assets in directions that hurt the dollar. Those global worries have trumped solid US data, leading investors to buy US Treasurys and unload their long-dollar positions, particularly with the yen,The dollar remains near three-month lows against the Japanese currency, down 0.4% at Y101.17. The euro sits 0.2% higher against the greenback, at $1.3725. Ten-year Treasurys up 4/32 to yield 2.504%.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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