Euro picking up pace as Draghi says reflationary pressures in EZ are on the rise .. I remember sisse mentioning how holding cash in europe will become an expensive affair this summer and the downside in europe is fading till the cows come home - all directions are pointing north on that compass and sisse smelt it a furlong before anyone.
Interesting markets this week, crude depression continues with yields continue to flatten which I still think is pretty worrying - this risk on dynamic is beginning to show. Does anyone have expectations for Mr Trump or anything Middle East related? I am certainly no expert in oil so would love to hear more on this topic.
Otherwise, in UK ... Theresa May has a majority after the 1bn promised to N.I and ensure 10 members from DUP will back her party, lets hope that cheque does not bounce as it looks like Britain is on the edge of collapsing.
I have also done a chart here on gold which I would like to share for what it's worth.. I see two options here, risk on and risk off, nothing more or less: One is not a huge fan of trend lines, but this has clearly been respected so only there for notation purposes....
Option A (risk off) : Long for Top of range and reverse anything from Donald premiership, targeting 1325
Option B (risk on) : Short a break of the mid or even safer, a break and retest of the trendline/mid .. targeting the break last december, circa 1175
For me personally I am swaying towards the risk on option...
Interesting markets this week, crude depression continues with yields continue to flatten which I still think is pretty worrying - this risk on dynamic is beginning to show. Does anyone have expectations for Mr Trump or anything Middle East related? I am certainly no expert in oil so would love to hear more on this topic.
Otherwise, in UK ... Theresa May has a majority after the 1bn promised to N.I and ensure 10 members from DUP will back her party, lets hope that cheque does not bounce as it looks like Britain is on the edge of collapsing.
I have also done a chart here on gold which I would like to share for what it's worth.. I see two options here, risk on and risk off, nothing more or less: One is not a huge fan of trend lines, but this has clearly been respected so only there for notation purposes....
Option A (risk off) : Long for Top of range and reverse anything from Donald premiership, targeting 1325
Option B (risk on) : Short a break of the mid or even safer, a break and retest of the trendline/mid .. targeting the break last december, circa 1175
For me personally I am swaying towards the risk on option...