Hello guys AUDUSD has stalled just shy of the resistance level of 0.7700 as bulls take a break from their recent run. The area is full of resistance and bears will try and use this to their advantage as they look to regain their recent lows, with targets at 0.7650, 0.7625 and 0.7600.
Eur vs Usd - 1 months
1.0450 main support . The break of support with the closing of the the monthly candle inside downward channel push the cross to parity by June or at the September 2015.
Trade from 1.0450 - Area of earnings up to a minimum of 2001 , stop at max last month ( March 2015 ).
The FIB retracement from top 2014 seems to confirm the ...
2007-2012: Convergence between S&P500 trend and yield on Treasury 30y USA:
- Downhill stocks leads to a reduction in yields on the bond market . The flow of money coming out of the US stocks and goes to US bonds for the "safe haven" - RISK OFF.
- Rise in share prices on stocks leading the market yield bonds to rise due to the vendite.Flow of money out of the US ...
Stay short EurGbp or, if you prefear, long GBP!
Since the macro economic data started to improve, the pressure on the exchange rate has became stronger. The beginning of rates normalization will make the UK's currency more expansive versus the Euromoney.
At the same time, the chart seems to confirm the bearish view: It is unlikely (given also the macro-analysis) ...