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With the Wuhan Coronavirus scare in the past 1-2 months, the stock markets have been cautiously bullish, but it somehow feels that the market is still in risk-off mode.
Currencies like the EUR have been weakening, whereas “safe haven” assets like USD, Gold and Bitcoin have been very bullish.
Table of Contents
Weakness in the Euro (EUR)
Based on the currency strength meter, we can see that Gold and Bitcoin are the strongest, whereas EUR is the weakest.
Hence shorting EUR against the USD and against the CHF were very profitable trades for us.
Strength in the US Dollar (USD)
We managed to identify early the breakout of USD against the Singapore dollar (SGD), giving us a very good early entry and the ability to hold (or even add!) onto the trade and ride profits confidently.
This lead to a windfall trade of 400+ profits just from this one trade!
The Rise of Bitcoin (BTC/USD)
At the start of the year we identified the emerging strength of Bitcoin, and advised everyone to get in early before the real price movement starts.
At that time, price was only $8,000+, and since then, price has surged up to $10,000+, giving a minimal 20% ROI for this trade, and it’s just the start of the year!
If you would like to avoid missing out on any of such awesome trades (which we deliver on a daily basis), then you should definitely check out our training program & trading signals bundle:
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.