Golden Cross Malaysia

The US will reduce their QE for good and stop easy money and the rise of USD

China is squeezing the credits; to slow China Down?

India & Brazil – among the Emerging Market B.R.I.C (India & Brazil currencies have depreciated quiet drastically – will this hurt the Emerging Markets and bring Fear)

Central Banks still keep much of their reserve with RBA has it is the only country now with “AAA” rating –  Global demand his slowing down especially in the mining industry and commodities…(see the recent decline of Commo)

So, all the above is part of a trader friend's analysis on the markets. Of course, as I had mentioned earlier where the commodities linked currencies ran into some support, but all of those supports were taken out on Friday evening. And as it turned out, those supports and up bounces now have all proved themselves to be retracements and pull backs.  Still, if I had managed to get my orders filled for the end of last week I would have made some money as I had taken the stance of selling the commodities pairs at higher prices hence I would have been safe and following the direction of the trend.

So how can we trade the markets for this upcoming week?

I will perform analysis on all majors and  share my thoughts with you guys. In the meanwhile, I am keeping an eye out for the news releases that are upcoming for the week. DO KEEP IN MIND that news releases do not always have straightforward effects on the market as some of those datas may have already been factored into the markets!

Still, I do take my fellow trader friend's analysis and opinions SOMETIMES to form part of my trade ideas and trading plan. So, stay tuned for my upcoming analysis and possible trades that I will be taking!