“Ah yes, the pleasures of low volatility markets!”
For the first time in weeks, we finally see FX volatility pick up some … not
much, but it’s better than another decline … it’s still got a ways to go before
returning to normal values, but we’ll take what we can get. Oil on the other
hand, continues to suffer from a shrinking 20 Day Range MA, and if not for
Friday’s surprise NFP report, which doesn’t bode well for oil prices, this
week’s value for oil would have been lower still. Directly below, our updated
charts for the upcoming week.
click on any chart to enlarge
This week should see some major fireworks in GBPUSD & GBPJPY, if things
unfold according to plan and isn’t cancelled by Pols, who noticeably kick the
can down the road at the first hint of things they don’t like … but if schedules
hold, look for another “Brexit” drama moment on Tuesday. Hopefully, call
spread premiums won’t be priced into the stratosphere, but we’ll have to wait
and see what happens.
So, onto next week … until tomorrow mi amigos … Onward & Upward!!
-vegas
OUR NADEX SIGNALS SERVICE IS UP & RUNNING … DAILY
WTI CRUDE OIL SIGNALS & “VOLATILITY” STRATEGIES
IN 20 OTHER MARKETS, INCLUDING COMMODITIES, FX,
& STOCK INDICES! … “what on earth are you waiting for”?
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