Choppy Markets on the upcoming US elections.
I believe that 2020 is a transitionary year for US stocks. What does it spell for the UK and most economies? Well, money will pour into the US dollar.
Is that time now? NO!
This is just a minor fluctuation in a possible larger rally in the GBPUSD pair. For now, it is a technical short with a close stop. I am looking for another rally before the elections in November. Then, investors will look at the state of the economy by December 15, 2020 or January 2021.
This is too far out to see clearly.
I believe that 2020 is a transitionary year for US stocks. What does it spell for the UK and most economies? Well, money will pour into the US dollar.
Is that time now? NO!
This is just a minor fluctuation in a possible larger rally in the GBPUSD pair. For now, it is a technical short with a close stop. I am looking for another rally before the elections in November. Then, investors will look at the state of the economy by December 15, 2020 or January 2021.
This is too far out to see clearly.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.