Trading for this week:
1. My plan for next week focuses on point "3." from the previous post - I am waiting for risk-on or risk-off assets to confirm investor conviction by using USDJPY as a barometer for net risk sentiment. Despite the market uncertainty and high volatility UJ last week traded within a 200pip range for the between 101.3-103.3. Therefore, I...
Expectations vs Reality:
1. Following the referendum decision on Friday, as expected GBP sold off 10%+, the FTSE plummeted in a similar fashion and global risk assets sold off across the board, but FTSE/ Risk recovered a significant amount of those losses into Fridays close and for the rest of the next week.. So what happened to BREXIT?
- Such behaviour would...
The current political uncertainty in Turkey is what drove that sharp rally in the first place, and the current consolidation is, for me, a signal of momentum build-up that will cause another spike following further uncertainty in the country.
The reason for this is that tourism could be affected, thus causing investors to stay away from the currency, buying...
Gold has a historic relevance as being a price appreciator in times of volatility, geopolitical risk and economic uncertainty.
Current day presents a plethora of risks both economic and political; from emerging market credit risk through to south china sea politics.
Oil, like Gold has benefitted from a fall in the USD which has lead to some price recovery,...
PBR is correlated to oil prices, but that's not all. Out of a selection of other oil majors, PBR underperforms significantly when the starting month of August 2011 is chosen, a date I arbitrarily chose due to launch of a new industrial policy in Brasil (a proxy of changing economic policy). Note, however, work done by my friend, Raphael Geraldelli (related ideas),...
EURUSD goes to up line 1.09 TF H4 I don't recommendation open for buy positions, the global politics /EC/ for Euro paritet with Dollar US. The finish target EURUSD 1.04 or 1.00 www.mql5.com
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....
In consideration of current poltical problems in Europe and Irak the 1259 resistance got touched (which I mentioned in my last idea) and now we have a stressed market with a new short term neutral Zone.
Critical points are 1271 and 1259
Above 1271, there are possibilities for new short-and mid-term uptrend into 1285-1296.
Below 1259 there would work the long-,...
In my view, political agenda , economic agenda and the behaviour of EURO against USD will give the direction and the impetus for USDJPY. On a purely mechanical point of view, BoJ is still printing a huge amount of Yen comparing to the calendar of FED where Yellen is still sticking to the tapering.
On the Other hand, ECB President Draghi, will make his statement...
