My outlook for the EURUSD at today's #ECB interest rate decision. EURUSD perfectly positioned for a long term breakout lower. Market looking for a 20bps cut.
FDAX flirting with a move lower here. As one of the under performing developed market equity indexes, this a market I keep an eye on for short opportunities
Euro is looking for a short term rally here, as the Dollar is not getting a lot of interest this summer with the expectations firmly set for a rate cut. This pair is however still stuck in a big picture range.
T-Bonds completing the 1st stage of the reversal, at resistance at the 152 level. If it breaks the 150 level comes into play. This trade is a Reversal Trade because it is against the fundamental backdrop and market momentum, and is a play on the market getting over extended on the long side.
Long term target for GBPUSD is in the 1.2 level. Brexit timeline is not achievable and politicians more interested in play Game of Thrones than solving issues at hand.
The divergence between the S&P 500 and the Russell 2000 could spell trouble for the markets going forward. Small caps usually leads large caps at the en of an cycle
