EURUSD: Donald backtracks...Yellen stays, low rates for longer?
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Apparently, the weekly 'Time at Mode' signal here that implied that the Euro could rally dramatically vs the dollar after retesting the weekly mode support this week, might have inspired Donald Trump to backtrack on his campaign promises after seeing my chart posted here recently...
In a rapid flurry, Donald decided to keep Yellen as Fed Chair, keep rates low for longer, no longer label China as a currency manipulator and consider NATO 'not obsolete', to name a few things. (He also recently commented on having to prioritize health care, over tax reform, which might put some brakes on the stock market rally, UNLESS this was already priced in, due to a spectacular series of failures in the agenda that took place recently, before this epic transformation the Don suffered today).
VIX spiked higher, with Gold, so I'm not entirely positive about this rally being long lasting in metals, bonds and currencies against the dollar, but one thing is certain, there is an interesting fundamental landscape shaping up right now. Let's hope things turn out fine for the world.
Happy Easter if you celebrate it.
Have a nice week (and weekend), good luck!
Ivan Labrie.
In a rapid flurry, Donald decided to keep Yellen as Fed Chair, keep rates low for longer, no longer label China as a currency manipulator and consider NATO 'not obsolete', to name a few things. (He also recently commented on having to prioritize health care, over tax reform, which might put some brakes on the stock market rally, UNLESS this was already priced in, due to a spectacular series of failures in the agenda that took place recently, before this epic transformation the Don suffered today).
VIX spiked higher, with Gold, so I'm not entirely positive about this rally being long lasting in metals, bonds and currencies against the dollar, but one thing is certain, there is an interesting fundamental landscape shaping up right now. Let's hope things turn out fine for the world.
Happy Easter if you celebrate it.
Have a nice week (and weekend), good luck!
Ivan Labrie.
Ghi chú
Great action so far.
Giao dịch được đóng thủ công
I found myself quite happy with my returns and then realized we have a daily options expiration resistance zone right at the high...so I closed it and will reenter on dips.Banked a neat 2.15% return with almost no heat.
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