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How I’m trading USD ahead of a Fed hike: Van-Petersen

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May 30, 2016 asia, fed, federal reserve, hike, kay van petersen, kay van-petersen, macro, macro economics, rates, saxo, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo capital markets, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor.com, saxotrader, saxotradergo, saxotv, trader, usd, yellen
Following suggestions that the US Federal Reserve is ready to raise interest rates in coming months, all that matters right now in the market is the Fed and USD, says Saxo Bank’s Kay Van-Petersen.
Fed chair Janet Yellen said on Friday that the central bank could hike rates if economic growth picks up and the labour market continues to improve.
Van-Petersen looks at current market expectations and how they could impact the dollar index in coming weeks. He sets out his trading strategy for USD and expects more dollar buying ahead.