Apologies for not posting regularly, have been busy with several projects at the same time and also been trading the Euro move in recent weeks on the upside.
FX
I had mentioned sometime back about the highly extended situation that USD had gotten itself into and the sharp reversal that began, was a great contrarian opportunity.
At current levels the retrenchment is mostly done and at this time I am not too sure of the direction and have already closed my Euro long trade last week. I don’t claim to have made the absolute top or bottom but I was able to catch about 70% of the reversal move. from about 1.08 to 1.135. The point is not to boast, but to again amplify the fact that it hardly ever pays to move with the crowd/consensus.
Equities
At this point, global markets seem to have recovered from the short and swift sell off and the ......