Weekly Review: Remaining Bearish (Read for Fundamentals)
Let´s order the weekly ideas:
1. Executive committee of the ECB will speak on Monday, maybe give some new updates about negative interest rates
2. Tuesday is about confidence indicators which I expect them to fall
3. Rest of the week is mostly about US employment and first debate on Wednesday between Biden and Trump
Regarding the markets, new outbreaks have put the recovery on hold and the consumer sentiment is being affected and is becoming a warning factor for the markets in the short-term. Moreover, the vaccine discovery has been delayed.
Facing the week, we have a weak market where none of the events of the short-term has the potential to turn around the bearish sentiment.
- Advise to take a short position for the week.
(Follow me for more weekly analyses and how to position your market portfolio regarding the upcoming elections)
1. Executive committee of the ECB will speak on Monday, maybe give some new updates about negative interest rates
2. Tuesday is about confidence indicators which I expect them to fall
3. Rest of the week is mostly about US employment and first debate on Wednesday between Biden and Trump
Regarding the markets, new outbreaks have put the recovery on hold and the consumer sentiment is being affected and is becoming a warning factor for the markets in the short-term. Moreover, the vaccine discovery has been delayed.
Facing the week, we have a weak market where none of the events of the short-term has the potential to turn around the bearish sentiment.
- Advise to take a short position for the week.
(Follow me for more weekly analyses and how to position your market portfolio regarding the upcoming elections)
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