Another 58 Ticks on the EUR/USD + Views on the SG Market

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Eurusd 281112 Screenshot

Recently the stock markets have been rather unpredictable, surging one way on political news and flipping the other way when new statements are released. For example, gold plunged over $30 in just under 5 minutes, dragging the EUR and other currencies down. Later that same night, “positive statements” regarding the fiscal cliff fiasco gave markets a sentiment boost, which has carried on today.

I was bearish on the Singapore markets, but I have liquidated my shorts for a small profit and now watching on the sidelines. I am ready to flip based on the price action. It doesn’t matter whether it’s long or short, as long as I am on the winning side. In the mean time, I am putting my skills to good use by consistently building up my capital in the forex markets, so that I will be ready when the move in the stock market comes.

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