Weekly Market recap 13: Let the ride go on!
My stance hasn't changed
This week started with the DXY decline, as it's breaking down the local level 89.75, continuing the long-term downtrend. I expect a further decline, so I stay bullish on risk assets.
How the market reacts to the virus
As I expected, the market quickly recovered after the virus mutations news on December 21. I expect more short-term sell-offs if any new negative updates about the virus appear, quicker short-sell opportunities are possible.
Trade deal update
The EU and the UK finally agreed on the post-Brexit Trade Deal today. GBP is positive against EUR and CHF currently. Let's see how it plays out from now on. GBP has been ranging against EUR and CHF for quite a while, so it can be the right time to start getting ready for a possible breakout!
This week started with the DXY decline, as it's breaking down the local level 89.75, continuing the long-term downtrend. I expect a further decline, so I stay bullish on risk assets.
How the market reacts to the virus
As I expected, the market quickly recovered after the virus mutations news on December 21. I expect more short-term sell-offs if any new negative updates about the virus appear, quicker short-sell opportunities are possible.
Trade deal update
The EU and the UK finally agreed on the post-Brexit Trade Deal today. GBP is positive against EUR and CHF currently. Let's see how it plays out from now on. GBP has been ranging against EUR and CHF for quite a while, so it can be the right time to start getting ready for a possible breakout!