BIG BOYS ( Large Hedge Funds, Large Global Banks, Sovereign Funds, Large Multinational Corporations, Large Investment houses )
Information gathered from the BIG BOYS forcasts and analysis show that
1. Forcast for EURUSD to be at 1.08 Level or Below for Q4 2019 and also 1.08 for Q1 2020 and then at 1.10 of Q2 2020 followed by 1.12 Q4 2020
2. EURO Economic weakness will persist for a while
3. EURUSD will have to be devalued to counter the effects of weak economic environment . EURO Zone is an Export oriented economic zone
4. CFTC and Market Sentiment is still Net Long USD and Net Short EURO
5. Differentials in US and EU Bond yields still favors USD
6. Oil & Gold prices are not indicating any major Panic to cause any flight from the USD to some other safe haven currencies .
7. The Major Trend is Bearish as of this posting
On the downside we are looking EURUSD to touch 1.0800 Level while of the Upside if the rally continues then we will look at touching 1.1200 Level.
Information gathered from the BIG BOYS forcasts and analysis show that
1. Forcast for EURUSD to be at 1.08 Level or Below for Q4 2019 and also 1.08 for Q1 2020 and then at 1.10 of Q2 2020 followed by 1.12 Q4 2020
2. EURO Economic weakness will persist for a while
3. EURUSD will have to be devalued to counter the effects of weak economic environment . EURO Zone is an Export oriented economic zone
4. CFTC and Market Sentiment is still Net Long USD and Net Short EURO
5. Differentials in US and EU Bond yields still favors USD
6. Oil & Gold prices are not indicating any major Panic to cause any flight from the USD to some other safe haven currencies .
7. The Major Trend is Bearish as of this posting
On the downside we are looking EURUSD to touch 1.0800 Level while of the Upside if the rally continues then we will look at touching 1.1200 Level.
Comment:
GBPUSD jumps 150 pips on news of a draft deal while EURUSD jumps 40 pips in a matter of 2 minutes
Comment:
NOTE: This are news based rallies and have no Fundamental backing . The Brexit Deal is already priced in the market , US-CHINA Deal is already priced in the market. This is not New . Yes they will rally for a few days but then Fundamentals of the economy kicks in
Comment:
Currently EURUSD is riding on the back of GBPUSD due to BREXIT draft deal news . EURUSD BULL Speculators will take total advantage of that .
DXY dropped almost 30 points in less than 10 mins due to the new and not anything else
DXY dropped almost 30 points in less than 10 mins due to the new and not anything else
Bloomberg is reporting from sources "with knowledge of the talks." An official announcement is still awaited.
GBP/USD has surged to a new cycle high of 1.2755 before ticking somewhat lower. High volatility prevails.
The EU and the UK are reportedly closing on a draft Brexit deal. The drat heavily depends on the support of the Democratic Unionist Party (DUP) for the accord.
GBP/USD has surged to a new cycle high of 1.2755 before ticking somewhat lower. High volatility prevails. Cable is now trading at the highest levels since June 25.