Master Po: Close your eyes. What do you hear?
Young Caine: I hear the water, I hear the birds.
Po: Do you hear your own heartbeat?
Caine: No.
Po: Do you hear the grasshopper which is at your feet?
Caine: Old man, how is it that you hear these things?
Po: Young man, how is it that you do not?– Kung Fu (TV Series)
As usual, on Friday we always take some time to hold ourselves accountable and look back at how we saw things developing this week. On Sunday we posted our Weekly Outlook Video and updated our commentary in the midweek Morning Call. Furthermore, if you missed the post of the great latest developments going on with Darwinex, make sure you check out the post on Reloaded.
We have a lot of data on deck today and along with all of the recent geo-political developments, we should likely see a lot of choppy and potential violent moves. Depending on how markets move within these recent ranges, don’t be surprised to see a lot of positioning, hedging and squaring as we go into the weekend.
Hi 50,
thanks for the charts. There are two trendline in Euro that I saw later that possibly “justify” a bit this reaction lower. One is the one from may 2014 to november 2016 us election spike, that’s the first time it was touched. The second is the one parallel to the one you draw from may 2016 to september 2016 that doesn’t count the spike of the US election. those two exactly cross on the sell. I know you’re/we’re not trendline trader but just highlighting them
have a good day 😀 L.
>
Hello, sure, there is a lot of overhead supply and pressure but we are still in a choppy range.
We likely need a catalysts to break out > either equities or post French elections… will discuss again in one of the next videos.
Remember, don’t get confused by velocity of moves inside these choppy ranges 😉
Have a great day!