Open trading account
* The Great British Pound moved up solidly through last week and closed the week at 1 month highs. I'm still bullish on the GBP due to the "cheap" price and anticipate international sentiments resulting from a Trump or Hillary victory will affect the GBP favourably. * The US Dollar experienced a deep pullback last week from just under 6 month highs to prices not seen since early October '16. At these prices I'm not bearish, but with no bullish reversal signal in sight yet I'm not bullish either. * The Euro rallied sharply from 6 month lows this week and appears poised to continue to perform bullish through this week compared to the majority of the majors although considering it is trading near its 6 month average my stance is not bullish, my confidence in the Euro for the long-term remains skeptical at best. * The Japanese Yen rebounded early last week and held up 1 month highs through the rest of the week. It appears poised to perform this week although I anticipate momentum might fade through this next week.* The Swiss Franc rallied sharply through this week although I anticipate Pound Sterling bullishness will suppress the Franc due to its' low benchmark central bank rate. * Emerging currencies went down slightly through last week. Major currency appreciation must have been due to selling of the minor currencies, probably a result of financial consolidation to manage Brexit risks amidst the "cheap" Pound. * Gold appreciated with the major currencies; an interesting anomaly probably representing profit taking in less developed markets by western financial centres. * Major stock markets across the world experienced selling last week with the exception of the Chinese Shanghai Composite Index which traded mostly flat. I'm anticipating something of a rebound this week although the US presidential election could have a massive impact on the Dow Jones Industrial Average, S&P 500 and NASDAQ. This week the Nikkei looks due to perform bullish but I'd put more money on The Hang Seng Index centred in Hong Kong. I strongly anticipate that the German DAX will perform bullish in this upcoming week.* AAPL (Apple Inc.) pulled back under $110 last week. I had anticipated a pullback 2 weeks ago while it was above $115. It piled up into trading last Friday closing at $108.84. This week I speculate it will move up towards or above $112 although political risks stemming from the election put me on the fence.
