From the Punter Trenches (26 February 2018)

IMG_6385
By Tanya Rawat

Back from a long break. All my calls re Dollar Index, Gold, EURUSD, USDJPY and Oil have come to fruition. I expected Yen strength and expected it to touch 106 handle which it has done. Similarly the Dollar continues to strengthen with next target being 100/102. It has unsuccessfully tried to breach to 88 handle (DXY Index) couple of times on the downside which happens to be a key monthly support. As a corollary, Brent Crude also hasn’t had any luck breaching $68.40/barrel on the upside which again is a key monthly resistance. Be warned, any sudden and sustained strength in the Dollar is likely to spell trouble for Oil. While Gold should statistically move in the opposite direction to the Dollar and any strength in the latter could spell trouble for the commodity, I remain Bullish Gold primarily owing to it acting a pure inflation hedge as inflation picks up in the US and the Fed develops a more hawkish rhetoric. All this spells trouble for the Euro which I remain bearish on and see plenty of downside.

Questions? Comments? Contact me at Tanya@rawatspeaks.com.

Copyright © 2018 Tanya Rawat. All rights reserved. These materials are proprietary to Tanya Rawat and may not be reproduced, modified, transmitted, transferred or distributed in any form without the prior written consent of the author Tanya Rawat.

2 thoughts on “From the Punter Trenches (26 February 2018)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Powered by WordPress.com.

%d bloggers like this: