By Chris Becker
It’s been a wonderful week for day traders but one full of indecision and worry for those with longer timeframes as nuclear tensions in Korea coupled with natural disasters in the US south and in the White House. The element to watch here is the USD, which is weakening across everything even as a new debt ceiling deal was finalised by US Democrats. The US domestic policy weighs on risk markets, but also too is the ECB’s mood in normalising its long running QE program. Locally the ASX200 remains as stuck as a Coalition shadowman trying to work out which way to go amongst this turmoil…
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.