So it is pretty simple. Careful trades before 8 Nov. Then afterwards risk-on returns to my trading. I think that mere overreaction to the election uncertainity will make great occassions for trades. Also US hike will likely be the topic near the end of november.
My pairs to watch:
USDMXN
As it is Trump- Clinton related lately and market tends to go erratic with overreactions it is a great occassion to go sell after the elections - whoever wins. Also, if Trump gets ahead a BUY is an option before the market realizes that a mere Trump win does not really mean someething really bad happening to Mexico.
EURUSD
Though I do not like this pair too much, it will definitely have to be traded near election. A lot will happen here no matter what. Especially as the last upward moves were not really fundamentally supported.
GBPUSD
Should be a great mover as Brexit comes closer and US elections also getting to their final. A lot of pips await to be earned here.
NZDJPY
After a small correctional movement, with the current data reads it may return to some old highs now. Especially adding the BoJ policy on top of that.
AUDCHF
I expect some huge, extreme movement upwards after the elections. Market was wrong again - with mining commodities prices as they are now, AUD is a far better safe haven than CHFs. Admirably gold prices are likely to rise even further. AUD definitely deserves some nice appreciation this month.
Those will be pairs that I plan to trade mostly. Other pairs will have only minor or no focus for me this month. It is always better to make less trades and more profits, than too many trades for no profit.
My pairs to watch:
USDMXN
As it is Trump- Clinton related lately and market tends to go erratic with overreactions it is a great occassion to go sell after the elections - whoever wins. Also, if Trump gets ahead a BUY is an option before the market realizes that a mere Trump win does not really mean someething really bad happening to Mexico.
EURUSD
Though I do not like this pair too much, it will definitely have to be traded near election. A lot will happen here no matter what. Especially as the last upward moves were not really fundamentally supported.
GBPUSD
Should be a great mover as Brexit comes closer and US elections also getting to their final. A lot of pips await to be earned here.
NZDJPY
After a small correctional movement, with the current data reads it may return to some old highs now. Especially adding the BoJ policy on top of that.
AUDCHF
I expect some huge, extreme movement upwards after the elections. Market was wrong again - with mining commodities prices as they are now, AUD is a far better safe haven than CHFs. Admirably gold prices are likely to rise even further. AUD definitely deserves some nice appreciation this month.
Those will be pairs that I plan to trade mostly. Other pairs will have only minor or no focus for me this month. It is always better to make less trades and more profits, than too many trades for no profit.