I'll keep this one short, but I'm targeting longs in this area. My view is that once this period of irrational exuberance in the markets dissipates and the market wakes up to reality (Global GDP contraction, probable second wave of Covid19, massive escalation of US China tensions, mass unemployment etc etc) then we're going to see a big influx into the USD once...
I'm starting to build a short position here on EUR/CAD at the 61.8 fib retracement on the Daily chart. In my view the market was very long USD for the past year and we're seeing those positions being unwound this past week along with the FED rate cuts being priced in. This has caused the Euro to rally significantly but I feel the move is stretched now and Its...
I've been short risk pairs for the past 12 months or so and as I see it at the minute there is no reason to change my views. IMO The market has gotten a little ahead of itself after Trump stepped back from War with Iran yesterday. For me there are still numerous risks ahead in the coming months, Manufacturing is still winding down in most major economies (last...
