Weekly Forex Forecast June 26 - 30, 2023
In today's trading room, we analyzed the major indices (Nasdaq and S&P) and major currencies.
Following a recent event in Russia involving the Wagner group's advance towards Moscow, there were discussions between the group and President Putin, resulting in their decision to retreat. Despite this development, the financial market and its overall trajectory remain unaffected.
However, the EURUSD currency pair continues to exhibit an upward trend, following a minor retracement observed last week.
Moreover, Ruben has identified a compelling opportunity in price spreads among US indices. While the SP500 and NAS100 have recently displayed significant upward movements, the US30 has struggled to break its all-time high. Consequently, taking a short position on SP500/NAS100 and simultaneously buying NAS100 offers the potential for capitalizing on price discrepancies.
It is worth noting that similar to trading the Gold/Silver ratio, these strategies can serve as effective hedging techniques for portfolios and represent sound trading strategies.
In today's trading room, we analyzed the major indices (Nasdaq and S&P) and major currencies.
Following a recent event in Russia involving the Wagner group's advance towards Moscow, there were discussions between the group and President Putin, resulting in their decision to retreat. Despite this development, the financial market and its overall trajectory remain unaffected.
However, the EURUSD currency pair continues to exhibit an upward trend, following a minor retracement observed last week.
Moreover, Ruben has identified a compelling opportunity in price spreads among US indices. While the SP500 and NAS100 have recently displayed significant upward movements, the US30 has struggled to break its all-time high. Consequently, taking a short position on SP500/NAS100 and simultaneously buying NAS100 offers the potential for capitalizing on price discrepancies.
It is worth noting that similar to trading the Gold/Silver ratio, these strategies can serve as effective hedging techniques for portfolios and represent sound trading strategies.