Markets recovering, and we sell almost everything
This summer can not be called calm. Nonetheless, increased volatility and uncertainty are advantages. There are excellent trading opportunities every day, of course, if you understand what happens in the financial markets.
Recall China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs. China Halts U.S. Agriculture Purchases. China has chosen the most painful points for Trump. The result was a sharp increase in demand for safe-haven assets, so those of our readers who heed our recommendations should have made good money buying gold and the Japanese yen.
However, the value of gold and the Japanese yen, in our opinion, is too high. Yes, and the VIX Fear index dynamics. (decreased by more than 20% of the maximum marks achieved after Trump's decision to raise tariffs) suggests that the worst is over so far. So this week we will sell both gold and the Japanese yen. Since such a decision runs counter to the current the market will, we fix each position with hard stops.
Friday appeared extremely “bad day” for the pound. Last week, the pound was consolidating in the region of 1.21-1.22 ( GBPUSD), gradually “compressing the spring”. As a result, UK GDP growth for the second quarter decreased (expected zero growth), as industrial production in June. The UK GDP growth rate has not crossed the negative zone since 2012. So when the GBPUSD is lower than 1.21 is a trend. Our trading position on the pound has not changed much - we continue to keep its medium-term purchases, but on the intraday basis go against the market and take extra minutes is not worth it. So for now, GBPUSD is below 1.21 so its short-term purchases you should probably wait with. A return above 1.21 will be a signal for its purchases.
As for the upcoming week, on Tuesday, we pay attention to statistics on the UK labor market and consumer inflation in the United States, on Wednesday to the Eurozone GDP and inflation in the UK, on Thursday we monitor data on retail sales in the US and the UK, and on Friday we fix profit. So it won’t be boring. We continue to work and earn.
Our trading activity for today will be exclusively bearish: we sell gold and the Japanese yen; We sell the Russian ruble and oil.
Recall China lowered the value of the Yuan below its 7 to 1 peg against the dollar in response to a new series of U.S. tariffs. China Halts U.S. Agriculture Purchases. China has chosen the most painful points for Trump. The result was a sharp increase in demand for safe-haven assets, so those of our readers who heed our recommendations should have made good money buying gold and the Japanese yen.
However, the value of gold and the Japanese yen, in our opinion, is too high. Yes, and the VIX Fear index dynamics. (decreased by more than 20% of the maximum marks achieved after Trump's decision to raise tariffs) suggests that the worst is over so far. So this week we will sell both gold and the Japanese yen. Since such a decision runs counter to the current the market will, we fix each position with hard stops.
Friday appeared extremely “bad day” for the pound. Last week, the pound was consolidating in the region of 1.21-1.22 ( GBPUSD), gradually “compressing the spring”. As a result, UK GDP growth for the second quarter decreased (expected zero growth), as industrial production in June. The UK GDP growth rate has not crossed the negative zone since 2012. So when the GBPUSD is lower than 1.21 is a trend. Our trading position on the pound has not changed much - we continue to keep its medium-term purchases, but on the intraday basis go against the market and take extra minutes is not worth it. So for now, GBPUSD is below 1.21 so its short-term purchases you should probably wait with. A return above 1.21 will be a signal for its purchases.
As for the upcoming week, on Tuesday, we pay attention to statistics on the UK labor market and consumer inflation in the United States, on Wednesday to the Eurozone GDP and inflation in the UK, on Thursday we monitor data on retail sales in the US and the UK, and on Friday we fix profit. So it won’t be boring. We continue to work and earn.
Our trading activity for today will be exclusively bearish: we sell gold and the Japanese yen; We sell the Russian ruble and oil.
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Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
bit.ly/2oBvkHY
Больше информации на нашем ютьюб-канале
youtube.com/channel/UCYEOurJfasXWyYnrriGwsqQ
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