Market Talk – May 1, 2024
ASIA: The major Asian stock markets had a negative day today: NIKKEI 225 decreased 131.61 points or -0.34% to 38,274.05 Shanghai closed Hang Seng closed ASX 200 decreased [...]
The Dollar with a Trump Victory
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.
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