Difficult Time Ahead For Forex Trading
By Lawrence
Just posted a new article, Weekly STOPD Pattern: Forex Bearish Midpoint Cross, for premium members. I will post a few more as soon as possible because I see a storm coming soon in the forex arena. Forex traders will need all the tools and help to survive this bout of the central banks.
As I mentioned some time ago, the case by case special deals to keep EU members to stay afloat will be history by July. Any more problems from its member countries, it will be strictly my way or the highway scene. Some countries that are hiding their troubles with cooked books will not be able to survive this change. They cannot beg for help. They cannot threat to leave the union because they will be asked to exit instead.
EU has prepared itself for this storm. I think it is better to put it this way – the officials at EU and ECB think they have their best interest covered. Hence we do not really know how things will unfold by then when a crisis hit.
This time, however, US Federal Reserve and Bank of Japan will no longer give ECB the room to adjust its currency at the expense of US dollar and Japanese yen. Countries like China and other affected countries will also react to the game ECB going to play instantly to protect themselves.
Stay on high alert in July and August – the riskiest time is also the time where we can find the best opportunities.
