Weekly outlook......
This week should see a short term pull back to the upside in gold and a rise in the US Dollar. I am not a big fan of everyone being on one side of the boat but I think that the EUR/USD is headed down over the next few years pretty hard and you can capitalize on it. This week should see a resumption of the uptrend in the USD/YEN and the USD/CHF.
The markets should enter a period of risk off with the Dollar over the next few weeks and there are a variety of reasons for this but for the most part it is cyclically ready to do so.
Timing is everything in the currency markets and in most cases you should do your very best NOT to trade as churning volume only serves to play into the market makers and HFT players. In reality there is only about three or four good trades in the currency markets where most participants can make money. The rest of the time it is a give or take. I suspect that soon we will be in this period.
As you have noticed I have been telling you to short the EURO long before the main stream has caught on and we are doing well. You can judge by that how far ahead I am from the talking heads and main stream FX media.
I wish you the best.
The markets should enter a period of risk off with the Dollar over the next few weeks and there are a variety of reasons for this but for the most part it is cyclically ready to do so.
Timing is everything in the currency markets and in most cases you should do your very best NOT to trade as churning volume only serves to play into the market makers and HFT players. In reality there is only about three or four good trades in the currency markets where most participants can make money. The rest of the time it is a give or take. I suspect that soon we will be in this period.
As you have noticed I have been telling you to short the EURO long before the main stream has caught on and we are doing well. You can judge by that how far ahead I am from the talking heads and main stream FX media.
I wish you the best.
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