I’m back from a short summer break and ready to get stuck in to August after a positive July’s trading results.
The month starts in a bit of a mess globally, with a US interest rate cut (maybe not as large as some wanted) by the FED, inversely impacted by Trumps enthusiasm for more China tariffs and US stocks at the tail end of an interesting earnings season. On top of this it’s looking like a hard Brexit is looking more lpossible and we’re still seeing continuing troubles in the Gulf. All makes for a fun start to the month!
FX longer term currency strength strategy: Bearish: #NZD #AUD, Weak Bearish: #GBP, Neutral #EUR, Weak Bullish #USD #CAD, Bullish #JPY #CHF.
Indices: Volatility strategy: All global majors in bearish territory currently with volatility levels increasing. Seasonality strategy: bearish #SMI $GER30, bullish #bovespa, $NSDQ100
Commodities: COT strategy: $OIL $COPPER $NATGAS bearish. $PLATINUM weak bearish. $SILVER weak bullish, $GOLD bullish. Softs: #Cocoa #Cotton #Coffee bearish. Seasonality: $GOLD #Wheat bullish, $COPPER #Palladium bearish.
I will be deploying some further proactive trade and portfolio management enhancements that will make trading look more active and slightly different to the last couple of months.