...and we are rolling with Euro in clean sweep back to break out. Superb ride for those who trade the risk leg, here not even 1 tiny tick on that leg ...well done all longs from last Friday.
For the second week in a row, Euro still in choose your poison time for mid term but risk has added a major variable in the equation in case the US decide to regress in progress and have its first taster in their history of what a nationalistic xenophobe nutter can do to a country ....
The most important factor from all this is for the late mid and long term. Euro opining a tiny window in the horizon for a long term bottom. Whatever is the outcome of US election, Euro is on the last major mid term leg down via Brexit and Dollar but if the EZ hold next couple of quarters it will become the second and strong and realistic global reserve currencies while capturing the vacuum left by Sterling that is in its way out.
1.116x naked for a test with most shorts already took profit and the remaining stops already cleared. Only real money and major hands, sitting at the 1.12xx handle so you can imagine what could happen if the US enters in complete uncertainty during/after elections....
For now ... actively looking for positions in Euro, Gold and Yen for next week...
indeed ...
sisse
For the second week in a row, Euro still in choose your poison time for mid term but risk has added a major variable in the equation in case the US decide to regress in progress and have its first taster in their history of what a nationalistic xenophobe nutter can do to a country ....
The most important factor from all this is for the late mid and long term. Euro opining a tiny window in the horizon for a long term bottom. Whatever is the outcome of US election, Euro is on the last major mid term leg down via Brexit and Dollar but if the EZ hold next couple of quarters it will become the second and strong and realistic global reserve currencies while capturing the vacuum left by Sterling that is in its way out.
1.116x naked for a test with most shorts already took profit and the remaining stops already cleared. Only real money and major hands, sitting at the 1.12xx handle so you can imagine what could happen if the US enters in complete uncertainty during/after elections....
For now ... actively looking for positions in Euro, Gold and Yen for next week...
Disliked{quote} If not, then we set our clocks back 1 hour on Saturday night and 50 years on Wednesday morning.Ignored
sisse
Pending conversations? PM for a chat...I am mainly in OTM now