May 292020

Tonight (no specific time), President Trump will be holding a presser specifically to address China issues. He will most likely show a hard stance on China especially now that US elections is just around the corner. The American people and even the whole world is looking at how he will treat China on Covid-19. A hard stance is the only way to prove how serious he is.

The market will most likely react negatively on this. If safe havens rise and close high, we might see a continuation to next week. Nevertheless any rise in safe haven will be a chance to get on risky assets at good bargain levels.

May 292020

FED Chairman Powell will be speaking tonight in a panel discussion at 11PM (GMT+8). Three things can happen.

1. Nothing will happen – market being immuned to what the FED chairman’s tone for the past week might not react to anything he’ll say.

2. He can say how bad the state of the economy will be without stressing the support of the FED through stimulus packages. This could just provide a breather to the market’s ascent. USD and JPY might gain out of this.

3. He steps on the risk accelerator pedal by stressing the unlimited support of the FED. This could drive the market to break recent resistance levels and push the markets higher. Risky currencies AUD and NZD will move up as well as Gold.

Among the 3 different scenarios, #2 would be the ideal outcome because this will give opportunity to go long in the market. The market is overall risk-on scenario because of the stimulus packages. A little bit of fear can cause dips for the bulls to get in. I’d go long AUD or NZD.

If market breaks out further (scenario #3), shorting AUD or NZD may be very risky. Perhaps a more neutral currency like EUR or GBP might just be a good compromise.

DG Short

 Posted by at 10:27 PM  Global Equities
May 142020

Entry 180 Cut 190 TP 155

DG Short by traderh on

ATEX Short

 Posted by at 10:25 PM  Global Equities
May 142020

Entry 54 Cut 58 TP 44

ATEX Short by traderh on

ABT Short

 Posted by at 12:11 AM  Global Equities
May 142020

Entry 92 Cut 98 TP 80

ABT Short by traderh on

AMD Short

 Posted by at 12:09 AM  Global Equities
May 142020

Entry 53 Cut 60 TP 42

AMD Short by traderh on