Market Talk – February 6, 2025
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 235.05 points or 0.61% to 39,066.53 • Shanghai increased 41.17 points or 1.27% to 3,270.66 [...]
The dollar should make a reaction to the downside with a Trump victory, which is totally illogical. We need a weekly closing ABOVE 11284 to signal some follow-through up to 11460 area. However, if Euro closes below 11197, then it’s all over and we will see the dollar rise, not fall. There does not appear to be a BREXIT Moment here.
Like in the Dow, we have a turning point next week with a Directional Change. A dollar low at that time may be a surprise to those who believe the propaganda of the those who have tried to hold the establishment against the people.