I am sitting out of the currency market this week and observing. Something big may happen – or not. The Brits may vote to leave the EU – or not. And if they do choose to leave – then what?

Lotta questions – very few answers. I do not know – and I think that I belong to a very large majority in that regard. From where I sit it could go either way. I can see why the Brits want out of the EU. Europe is a mess – and it looks like it will get worse before it gets better – if it can ever get better. But there are a lot of questions about the cost of leaving the EU. Truth is no one knows for sure – it has never been done before, so there is not a comparable to assess.

So the markets are like a cat on a hot tin roof – and that is a good time to be an observer. I know that a lot of money is about to change hands – and quickly. But I don’t have a reasonably reliable clue as to what is going to happen so I am going to just sit on the side and wait – there will be ample opportunity to make some money as the dust settles and one can see where the market may be heading next.

Next week should be very interesting.




Leave a Reply

Your email address will not be published. Required fields are marked *

Comments Protected by WP-SpamShield Spam Blocker

See the Music of the Market

The unique trading method that is Trading Between the Lines