derek2

derek2 Updated 

In spite of the massive euphoria following the election of Cyril Ramaphoosa as the new leader of ANC (and thus a replacement of the currently reigning corrupt Zuma), there is no foreseeable radical change in South Africa coming. A 30% unemployment with failing infrastructure Ramaphoosa won't be able to deliver on the promises. That we can already witness by how...

derek2

This is actually a nice level to finally go aggressive long silver - the neurotic brother of the real money twins.

derek2

Using this ridiculous squeeze for a quick entry.

derek2

Ben trashed USD today. Time for the Aussie to come back.

derek2

AUDUSD looks a bit exhausted after weeks of trashing. A bit of recovery would be natural and healthy. 2 lots first target recent supply around 0.914, then trail the 2nd stop.

derek2

EURUSD seems reacting on 1.3 pretty well. A re-test of 1.32 should be possible if we fail breaking through the 1.3 band.

derek2

everybody hates gold now => time to load up especially if you've missed the 5 years old train. My bet is Gold will retest its highs in the following months. This is a terrific opportunity to express a contrarian view. All central banks are in money creation business till infinity. This is a no-brainer really.

derek2

Be brave and load up on India for long term. If there is/will be growth in the world somewhere it is India (demographics, infrastructure, rising middle class).

derek2

I expect more negative headlines coming from EU in the following days/weeks. Zero growth across Europe, unemployment rising, summer is coming, molotov cocktails on the streets soon (Greece, Portugal, Spain, also France soon). EUR needs to go lower.

derek2

going short EURUSD on rebound towards recovery to 1.33. First target @ 1.3.