From a purely geopolitical point of view things just keep getting hotter.
An expected “bounce in risk” ( considering the oversold conditions ) not as forth coming here as Putin pushes back with sanctions of his own BANNING EUROPEAN FOOD IMPORTS ( something which will further push Europe into a triple-dip recession ).
“Take that” then Obama / EU cronies.
Apparently the big boys in Washington and The EU are both completely shocked and outraged ( yet imposing sanction of their own is always Ok – right? )
Putin will not be bullied, now with the “supposed recovery” in The EU ( ya right ) hanging in the balance. Like it has anything to do “what so ever” with Putin or Russia.
This is now coming to a head as the West continues to do anything possible to provoke the “calm cool and collected” Putin.
The U.S must make war in order to retain “reserve currency status” and continue with the Ponzi at whatever cost.
Putin’s latest action keeps the game in check, and provides hope for those of us ( most of the planets population ) who look forward to a day when The U.S looks to concentrate on its own “completely f#&ked up situation”, starts taking care of its “own people” and keeps its big fat “overly indebted nose” out of other people business.
You’d think the people of The Ukraine were “made of gold” considering the amount of interest from Washington! No wait…….gas/oil – that’s it.
Currency wars turn to trade wars…….
Trade wars turn to “people wars”.
Hey – what’s up fellow traders? I know the flow of “daily trading info” has dwindled to a certain degree here at the public blog as it’s now “hopping” in The Members Area!
Things are really looking to pick up here in coming days / weeks with “The Fed news” late August as well current weakness in global equities assuring fireworks to follow!
Come check it out at www.forexkong.net
I have to hand it to you. You nailed this Nikkei move lower. Down 3% again today. Shame i didn’t trade on it.
If you’ve been following me for any length of time you know that i trade on a much larger “macro” than has concern for a single day’s activity.
The framework ( currently following The Yen and of course the inverse correlation with The Nikkei and in turn in risk , and in turn every single “other working part” of our global economic machine ) has been spot on for several months now – seeing the top back in January, then the 6-7 months of current “retail distribution” before the next ( and much larger ) leg down.
The larger trade will soon be at hand as we move into early Sept and The Nikkei “really makes it’s move”.
Thanks for the kind words – I hope you’ve made a buck er two.