June 5, 2019 20:44: FRB's pivot, should we go along with short-term risk-on? [From Mr. Rikio Shima's newsletter]
From the investment newsletter "Shima Rikio's Practical Real Trade" by Shima Rikio, provided by GogoJungle, here is a small excerpt from today's issue.
In the very short term, the market may move slightly risk-on as US monetary easing is touted. Stocks may rise, the cross pairs may rise, and short-covering in AUD/JPY and GBP/JPY, etc. may continue a little longer. But fundamentally it is risk-off. There are limits to the immediate risk-on rally.
“Shima Rikio's Practical Real Trade” (Shima Rikio)quote.
In response to the recent hint of rate cuts by the Fed, the market may become risk-on in the short term, but fundamentally it still seems risk-off. Be mindful of the potential for the dollar-denominated positions to expand (Editorial Dept.).
× ![]()
