Well….It didn’t take long for one of those “black swans” to swim by, as not only has Russia “invaded” Ukraine ( yes, yes I know only Crimea where the population is primarily Russian anyway ) but Ukraine has also order “full military mobilization” in response.
With Forex Markets opening in just a few short hours it will be interesting to see if there’s any reaction to the news, as “the threat of war” would generally have investors looking for safety.
Obviously it’s far too soon to tell…but purely for interests sake, I myself am very curious to see if “even this” could possibly slow the advance of U.S Equities but again….far too soon to tell.
I’ll keep a close watch on the Japanese Yen (JPY) obviously as the first signs of “fear” will be seen with JPY rising.
Keep in mind that Central Banks absolutely “loooooove” wars, as they present governments with the need to borrow “even more money” than the copious already “being borrowed”.
Again….all that borrowing from the privately owned Fed…..”with interest”.
Is it war time yet?
My personal friendly bet will be that markets react to this. Putin isn’t known for bluffing
I’m with you, and am “just a little curious” as to what the U.S is going to do next.
I also imagine EUR pairs should see a fairly “quick reaction” but again…..fun stuff – waaaaay to early to say.
Suuuuuuure beats watching paint dry.
Still running with Short AUD/NZD here…. with a Daily Neg fire now playing out as of Friday – should round out this trade here….
Will start taking profits as the Daily fire MM wears or down…… Adding to my numinous pair USD/CAD here short…. gotta roll over even just a little here…..
PM’s have to move this week – if they are to continue higher…. Asian been selling off for 2-weeks straight – time to buy…….
Cheers Schemd
I’m looking at late this week for reload in the miners / Pm’s for sure Schmed.
Can’t suggest adding to anything “USD related” here until we see reaction to Ukraine / Russia but as it stands here in earlt morning Asia trade, JPY gapping higher as well USD gapping higher and now closed so…..
You know what JPY “AND” USD up suggests.
Yeah I sure do – hmmmm great!!
I have a Neg fire in USD/JPY here – on the 8hr….. adding 50% short the pair off this fire…. big daily set up here as well… dipping below 100 here? almost for sure on this neg fire & with the daily right behind it…. I’ll add the other 50% on daily confirmation…
I really enjoy your blog. Been lurking for some time after reading your stuff at that moron Gary’s blog. I look forward to contributing here. Ty
Right on!
Things have been a little “quiet” here as of late with currency markets ( and markets in general ) “hanging” a bit so….
Good to have you, and I imagine things “should” start picking up around here soon.
Are US stocks actually selling? Wow. The world IS ending haha
The timing is certainly close, but I’ve got nothing as low as even a 1 Hour Chart suggesting anything “serious” yet.
We need a big long red candle!