Based on the Commitments of Traders data reported on: January 14th 2020
📊 In the Markets: These markets are in a complicated spot. We look at #gold and can see an argument to expect a move lower, we look at the #dollar and see an argument for it to move higher, then we examine the #gbpusd and it wants to rally, #oil wants to rally, #usdcad wants to drop….. etc. So you can see the dilemma here. Some pairs support one move, while other pairs support another move. We typically want the vast majority of the pairs to support the same moves, keeping their respective correlations intact, but what we are seeing
here is the potential for things to either get off their correlations or some unexpected moves are about to take place.
With this being said, we have to prepare for either scenario to unfold and if we are prepared we won’t be caught off-guard. Many traders will be caught off-guard because they may not realize what is currently taking pace. With this awareness, sticking with the most concrete expectations to engage in the markets will be the ideal. Those being long opportunities with #oil as well as the #gbpusd and short opportunities on #gold and #usdcad. These are what we’ll be focused on as we build the school portfolio. Now there will be specific signals we’ll be watching for, alerts are set and we will be waiting patiently to have to go off. Until then, we’ll continue to monitor the markets for evidence to support our conclusions on the markets now and any possible evidence to suggest otherwise.
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