Looking at the NFP numbers coming out of the US, we are very confident that this trend will most certainly last. Long USD! The USD dollar is king, for now.
Russian has been cheap in terms of valuations for about a year or so now. The technicals now are indicating a buy, suggestion a medium upwards movement of Russian equities.
Perphaps, it is now time to sell apple and buy russia instead.
With the current weakness in the USD dollar, GBPUSD may stand if gain if there is any turnaround in the macro news for GBPUSD.
At least, in the near term, this is likely to trend higher than downwards.
For those who are more aggressive, can consider entering on market open. But I would consider a pending buy order on a pullback a lower risk idea and thus better risk reward trade.
The market order flow is clearly towards buying. Despite a strong USD dollar, I am still bullish on Bitcoin due to confluence and confirmation on key levels.
