Categories: Fundamental Analysis

Waiting for nothing?

Hi friends,

Today is the first day of Bernanke’s speech in front of the Congress. Today, is the first time for a very long time when I saw Bernanke nervous, not sure about his words, and on some points of the speech even broken and shaking voice.

He knows what everyone already knows, the QE is the only fuel of this rally in the markets. The US Dollar suffers to be weaker against the majors and this is NOT good for the economy as in the stage that Bernanke will have to raise the interest rates, US Dollar will be even stronger, and it feels that this is the first thing Ben wants to avoid.

Bernanke afraid the day he will have to cut the QE, and if you ask my view, I don’t think he even really considers that as long as he is in the head of the Fed. House market is one of the most important sign for economy growth. And even that dropped hard suddenly in today’s reports showing that building permits and housing starts, both dropped hard.

So to make long story short, in my point of view, Bernanke bluffs in his speeches and as long as he is the leader of the Fed, he will find reasons to continue with that. More and more “drugs” into drug addict market can’t guarantee a happy end, and I know I am not the only one saying that. I am a part of those who really scared of the “day after” and do all I can to be prepared.

And as I said on the weekly review, as long as this is our conditions in the market, I prefer to look to sell majors rather than buy for swing long term.

Wishing you a wonderful evening

Until next time

Vladimir

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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