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The Bi-polar zigzag Print
Written by Site admin   
Sunday, 09 June 2019 09:09

It's all about China (again)

Plus, don't miss the discount ends Tuesday

The stock and currency markets have been locked in a bi-polar zig zag. It's the China trade talks, or lack of them, that powers the market. It zigs up when ever the mood music is good, then zags down again into depression as the two sides appear as intractable as ever. And that's what just happened this week as the doom intensified:

The chart of the Dow Jones 30 gave us a classic TMEST/Fib entry on Tuesday. The three red, high volume candles, showed us a run was about to start. And it certainly did run as shown in this week's Traders Class member videos.

On a £50k account at 1% risk, a £3 spread bet gave £1194. Not bad for a three day pop.   chart500

 

 

Pro rata for a £5k account would have given a respectable £119.

Click for the last few days of the TMEST/Harmo discount deal....

 

From the blog

Another great trade & It's the interest rate differential

Another great trade and a special deal for you below...

At the recent London Forex Show I talked about some of the key issues that impact and move the major currencies. Amongst these were, will US interest rates keep rising and will the US Dollar strengthen or weaken.

The talking heads have told us all about how the US$ is doomed. It's the trillions of US debt they say, and expectations of a US recession kicking off this year.

And then the big one is the global petro dollar decline. China and Russia can now by-pass the US$ strangle hold on world energy markets and trade in Renimbi, Roubles and Euro's.

And then there is the Donald. Whenever he has an audience he tells us that the "gentleman at the fed likes a strong dollar". Clearly, Trump wants it to weaken to make US exports cheaper than the competition and keep 'his' stock market boom going.

The USDJPY just ignored the dollar doomsters...

Read more...

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