Fundamental View Part 2

Posted by on Jul 12, 2013

By Luke Macumber


fundamental analysisMY VIEW for 12 July 2013

The focus of my fundamental view is based on 5 major currencies (USD, EUR, GBP, AUD & JPY). 

So from my previous blog MY current (12 July 2013) fundamental view & why of each currency is as follows:

USD – Long – US Fed Reserve tapering.  US Economy on the improve.

EUR – Short – Possibility to reduce interest rates to ‘0’.

GBP – Short – Bank of England’s new boss Carney has indicated he wants to inject more stimulus by printing more money.

AUD – Strong Short – Possibility of an interest rate cut next month.  China growth slowing.

JPY – Short – Printing 7 Trillion Yen to increase inflation and thus lowering yen to make it more competitive.

This is something you can do on the weekend (or daily) based upon your previous daily views.  Just remember with this market a view can change overnight!

Now we must only trade in the direction of our fundamental view.  This means:

Long:  USDJPY

Short:  EURUSD, GBPUSD, AUDUSD

Now that we have a direction sorted out our entries will be based on a technical view which will come next…

Luke Macumber

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