Monthly Archives

July 2016

A Week after Brexit: Where Do We Go from Here?

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Last week: Post Brexit: Monday risk-off; Tuesday through Friday risk-on

CURRENCY MARKETS

  • GBP weakest; helped along by dovish comments from BOE Carney
  • Commodity currencies strongest (risk-on)
  • Yen weak (risk-on)

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STOCK MARKETS

  • All down on Monday and then up for the rest of the week (risk-on)

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BOND MARKETS

  • Interest rates down across the board on Monday; mixed after that

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COMMODITY MARKETS

  • Oil and other commodities up (risk-on)
  • Gold up (not sure why)

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This week’s potential market moving scheduled news events:

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My core strategy is to expect whatever has been happening to continue until proven otherwise.

Accordingly, going into the new week risk on and GBP weakness might possibly be the right focus.

My preference these days is to roll up my sleeves with the 5 minute chart (stay as current as possible) and binary options
(know my exact money risk).

Good luck with your trading this coming week.

Best,

Jimmy Young