Tuesday 9 September 2014

These supports need more support

4 comments :

  1. Didn't move since yesterday's post. not much to add.

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  2. A Scottish yes vote on the 18th will be the FX volitility trigger that precedes a 20%+ general indices correction.

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  3. FX volatility already commenced as USD is soaring massively since 2 months. A Yes vote may coincide with the top but I don't think it can be a trigger of a sell-off on broader markets. Ultimately, Scottish economy is 10% of UK. In fact, the Yes vote was already priced in on Monday morning after the poll results and it recovered in the afternoon.

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