“Good judgment comes from experience, and a lot of that comes from bad judgment.” – Will Rogers
As discussed in our Latest Weekly Outlook video, one of the most important charts to keep an eye on this week remains the DXY. As we have been repeatedly highlighting, it was not a question of ‘if’ Trump was going to comment on currency moves and the strong dollar but just a question on ‘when’. Heads up for more headline risk as we don’t expect Trump to back down and especially as we get closer to Jackson Hole.
No change to our outlook on equities, our focus remains on tech weakness and remember to keep and eye on GOLD and SWISSY as positioning there could really spark some interesting moves.
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
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Wishing you a great day ahead.