Presenting: A Crazy Week In Charts
Ok, well this was an interesting week.
If you thought things were batshit crazy in Washington before, it turned out you hadn't seen anything yet, because this week saw i) Trump attempt to shame Jeff Sessions into resigning, ii) the "Mooch" calling Steve Bannon a "cocksucker" and Reince Priebus "a fucking paranoid schizophrenic," in an angry phone call to The New Yorker, iii) the Boy Scouts being forced to apologize for a speech the President gave at a jamboree, iv) "repeal and replace" crashi
DON’T FORGET TO INCLUDE THAT “THE FED IS IN A STINKY BOX”. PER BLOOMBERG
I’d bet on continued USD weakness. Outside the US DM markets are gaining traction and the political shit show from this week inspires zero confidence. Been long gold on a purely technical basis since the 21SMA cross as a short term trade but I expect USD to continue it’s month long decent. Will wait for test of 1295. Long CAD, EUR, and considering long CHF v EUR after this week, as I’m looking to offset some euro risk anyway.
Great wrap up, as always
well good job on CAD: https://heisenbergreport.com/2017/07/28/more-loonie-tunes-specs-added-to-cad-long-ahead-of-best-gdp-print-since-the-millennium/