Disclaimer: The opinions expressed in this article are the personal views of the author and do not constitute investment advice.
Personally I think that the people in power are running out or have already run out of things to do to save the world but are of course not going to admit it.
Nevertheless the markets are still waiting as have been all summer for another meeting of central bankers before deciding what to sell and what to buy. There are some things though that could not be contained, one is stocks that took a tumble already, and now it’s gold that posted the first very bearish daily candles this week. But hang on….who wants to really sell gold at this time? Most traders would much rather buy it and are just waiting for it to hit 1600 again…anyway, watching next week as holidaymakers return in the US and Europe and volumes start to return to normal. Stocks might be in for an interesting few weeks along with the so called “risk currencies” As for EUR/USD? As Soros says there is a mystery buyer of Euros in the market and we might just find out how deep their pocket is if stocks crash or start a steady descend….
