hello,
I think it's time for a summary of all blog's transactions within the first two weeks of April. In the analyzed period, the main event was the meeting of the FOMC, which indicated that it does not change the assumptions about monetary policy and the economy develops as planned.
Below, published transactions have been completed.
All transactions were closed except for the currency pair EUR/USD. I think that even though most of the statements by representatives of ECB and the very positive data from the U.S. market, which factors in a decisive manner should strengthen the dollar. I still think that the course has a chance to reach the levels above 1.40. It will be so until Mario Draghi did not introduce appropriate tools in its monetary policy to prevent the appreciation of the euro.
Of course I'm not talking about another interest rate cut, because it will not have a material impact. Market interest a long time ago "broke away" from the main reference rate. I mean the introduction of QE, which should begin an era of a strong dollar, on the other hand to help in a determined way in the economic development of countries of the euro area.
Of course I'm not talking about another interest rate cut, because it will not have a material impact. Market interest a long time ago "broke away" from the main reference rate. I mean the introduction of QE, which should begin an era of a strong dollar, on the other hand to help in a determined way in the economic development of countries of the euro area.
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| Summary of trades |
A few words about the gold market. After analyzing the chart on the date 2nd May, I believe that from a technical point of view, the market should at this time to generate a wave number 5 and in accordance with the analysis go to new heights of 16 March. The target range which has already been mentioned several times the level of 1420 points.
Regarding the SP500 I utter the entry summary in another two weeks of April.
best regards,
oscarjp
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