How To Play Trump Victory In Forex

Frankly, I am not too willing to touch GBP/USD right now considering how volatile it is.
I've been short on forex picks these days. I aim for the near immediate response, sometimes picks like those are hard to come across. I'm shy to short the Yen below support and shy to buy the USD so high up and shy to buy the Euro in general. That doesn't leave me with many choices.
 
I have not traded because of too volatile market, it is better to stay away if market is not according to our analysis.
 
Only if the oil price rises, surely? Hardly on the cards at the moment, one might think, with so much oversupply in the market?
Ruble is showing weak correlation with Oil currently. So I think other factors should be taken into consideration such as market sentiments of carry traders.
 
Back
Top