YM

Run, YM, Run!

| 50Pips
“Difficulties strengthen the mind, as labor does the body.”
Seneca
We all know what trying to pick tops and bottom is far from the ideal way to build a solid long-term track record but it would also be foolish to ignore these extended levels and not be focused on opportunity or at very least, keep an ear open for when it comes knocking at the door.

ym

Waiting for Trump

| 50Pips
“It’s not because things are difficult that we dare not venture. It’s because we dare not venture that they are difficult.”
– Seneca
As we have already discussed, short-term, it’s all about this address to the joint session of Congress. Focus will be of positioning and squaring into and post the session taking place during the o/n session. Could be sporty to say the least…
On the currency side, apart from the the general DXY dynamics, we remain focused on GBP and BREXIT implications.

ymgbpusd

Inflection Point?

| 50Pips
“That men do not learn very much from the lessons of history is the most important of all the lessons that history has to teach.”
– Aldous Huxley
Once again, it’s all about President Trump. The key focus this week is going to be on the Tuesday address to the joint session of Congress. We’ll have to see how he navigates this and how the markets decide to react and follow-through. Attached are some interesting charts we’ll be stalking.

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