Open trading account 
Initiated a BUY EUR/GBP trade at 0.8495 as the pair is testing its 16-month long bullish, rising TL..Still holding my SHORT GBP/JPY, SHORT AUD/JPY, and SHORT USD/JPY from last week....entry price at 138.61, 83.22, and 110.85, respectively. I expect continued "risk aversion" moves in equities and FX markets worldwide as geopolitical situations in Syria and North Korea worsen and the Trump Bump/Reflation trade unwinds.
Earnings reports from big firms are on deck this week and next. First big firms to report are JP Morgan and Citigroup on Thursday. With big financial and tech companies leading the "reflation trade" since November, it will be important to see how markets react to 1Q earnings reports. In my opinion, the reflation trade has been overdone and over-hyped and any earnings BEAT is priced in. Market capitalization on a handful of Mega-cap stocks are in bubble territory......AMZN $430 Billion, FB $404 Billion, GOOG $574 Billion, AAPL $743 Billion, JPM $304,.....these are just a handful of companies who's valuations are out of this world. In the past 2 market crashes (dot.com and GFC crashes) all companies with valuations greater than $250 billion were cut in half.
Additional "risk" event that could lead to further money flow out of "risk assets" is this Saturday's celebration of North Korea's founding leader Kim Il Sung's birthday. North Korea has been known to flex its military strength to celebrate the holiday. Could they conduct more missile or nuclear tests?? .....and what if they do test fire missiles??....will the U.S. try to intercept the missile(s) by blowing it up in midair from one of the ships in the Vinson Strike Group, which is now near the Korean peninsula??.
It's a 3 day weekend in the U.S. equities market....4-day weekends in UK, Germany, France, Australia, and Hong Kong equities markets.....so that could cause further "risk aversion" moves in global markets.
Earnings reports from big firms are on deck this week and next. First big firms to report are JP Morgan and Citigroup on Thursday. With big financial and tech companies leading the "reflation trade" since November, it will be important to see how markets react to 1Q earnings reports. In my opinion, the reflation trade has been overdone and over-hyped and any earnings BEAT is priced in. Market capitalization on a handful of Mega-cap stocks are in bubble territory......AMZN $430 Billion, FB $404 Billion, GOOG $574 Billion, AAPL $743 Billion, JPM $304,.....these are just a handful of companies who's valuations are out of this world. In the past 2 market crashes (dot.com and GFC crashes) all companies with valuations greater than $250 billion were cut in half.
Additional "risk" event that could lead to further money flow out of "risk assets" is this Saturday's celebration of North Korea's founding leader Kim Il Sung's birthday. North Korea has been known to flex its military strength to celebrate the holiday. Could they conduct more missile or nuclear tests?? .....and what if they do test fire missiles??....will the U.S. try to intercept the missile(s) by blowing it up in midair from one of the ships in the Vinson Strike Group, which is now near the Korean peninsula??.
It's a 3 day weekend in the U.S. equities market....4-day weekends in UK, Germany, France, Australia, and Hong Kong equities markets.....so that could cause further "risk aversion" moves in global markets.
