I think we will see a spike in volatility this month which will yank currency pairs around a bit. I am looking forward to it as it creates plenty of great buying as well as selling opportunities. I think the bulls will have it rather rough to end the year and I still hold on to my call to see a negative print in US equity markets while I think the USD will get weaker as the year will draw to an end.
I think we will see the EURUSD breach the 1.3700 mark while the GBPUSD could trade above 1.6000 with the AUDUSD approaching parity again.
Are you guys ready for a nice ride in September?