roadmap for the next four months or so keep crankin those rates yellen! if the fed starts reducing the balance sheet faster than expected, the markets would capitulate. in any case crypto seems a good bet given draghi and kuroda literally cannot stop printing money. inflation will hit us eventually, probably 2019-2020. then we'll have transitioned to an era of...
The European currency failed to hold the gains of recent bullish momentum, which led EURUSD above 1.20, as investors suddenly began to buy dollars against the backdrop of uncompromising growth in the US economy. Markets have tried to distract from Trump and North Korea, especially since with Trump's mild reaction to the recent launch of the North Korean missile,...
The North Korean leader once again decided to remind of his military achievements to international colleagues, launching a medium-range ballistic missile on Tuesday night. Flying over the Japanese sky the projectile fell into the Pacific Ocean at 760 miles from the island of Hokkaido. Solo pursuit of their nuclear ambitions, despite the sanctions of the UN...
Before the ECB's September meeting, each word uttered by the ECB's Mario Draghi could provoke market swings. Its because the expectations for the fate of QE have already accumulated a critical mass, which simply needs a way out. In light of the announcement that the speech of the head of the ECB in Jackson Hole will ignore monetary policy, the Draghi's speech in...
EUR$ LONG: 1. Daily support base formed ABOVE previous channel highs at 1.17 2. Fundamentally driven breakout on Friday (draghi vs yellen sentiment) should provide continued bullish EUR within the supply/demand complex. 3. Broadly eurozone crisis discounting contoinues to be faded out of the market. I expect RM names to begin pricing the ECB/FED convergence...
The German economy has revealed signs of slowdown, despite the widespread economic pickup in the euro area and the concomitant strengthening of the euro. A number of data released on Friday pointed to a slowdown in exports and imports in the second quarter. Investment optimism also declined, probably due to the strengthening of the euro, overshadowing the...
The choice to review the EUR/NZD pair was made due to the rather high demand for it during the recent 24 hours on the Swiss Foreign Exchange and the fact that it does not involve the US Dollar. From a technical perspective the rate is set to decline during the next 24 hours, as it faces strong resistance from 1.6365 to 1.6481 levels, and there is no support as...
Good evening traders, There is a bearish Bat pattern forming on the EURJPY up at the 1.30100 level that we will be looking to enter only if the moon (price) and the stars (Mario Draghi, Jackson Hole) align. We're hoping for a return of more volatile markets, and Jackson Hole could well be the catalyst. Have a plan and trade it. All the best, Mase.
Price has stopped in a resistance level (129,00 aprox) showing a clear bearish setup. Price is showing a corrective structure(flag) wich has rejected 61,8% of fibonacci retracement. Also, price is below MA200. We must see a clear breakout of the corrective structure to think about a short trade.
eur over valued to usd. the COT report post net long EUR at over bought level the Draghi speech is hte momentum where the chance to short the EURUSD present it self risk: 2% Risk reward ratio: minimum 1 to 3
We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...
US joint military exercises in South Korea which risked to run across ultimately response from North Korean leader, has been set off. It may be a new reserve for exacerbation of the geopolitical situation on Korean peninsula. The market so far does not lend itself to provocations, the VIX index is in negative territory, gold is showing sluggish attempts to return...
Pair has been correcting the last week, after a big bullish wave. Price stopped three times at 38.2% of fibonacci retracement. Waiting for a bullish breakout of the structure to open a long trade.
-We're getting to the top of long-term range -Jackson Hole conference at the end of this week will host both Yellen and Draghi -Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets" -Other circumstances indicate he wont be hawkish (no QE tapering for now -Will enter the trade as...
So big focus on this market right now. There are some reasons why Euro goes higher actually, but this is not forever. I see this like strong political thing. The fact is ECB will end QE by the time and rising rates may earlier. Meanwhile Trump will fight for his reforms. I am really curious what will hapend. Does Mario Draghi know more?
Euro was on a bearish trend the last weeks. At today season, a bullish 4H candle has broken the bearish trend. We can expect a bullish impulse till 1,485 level. A significant breakout would confirm the bullish rally till the next maximum level. If doesnt break that level, bearish rally may appear. Be carefull with the high volume of this pair.
Oil prices break into green area expecting that the OPEC meeting will not be spent in vain and the participants will find ways to pare their production capacities The weekly report of Baker Hughes showed that the drilling activity rested on some ceiling, as the growth of active drilling rigs ceased. Last week, their number fell from 765 to 764 units. After US oil...
Recently the Euro hit the upper trend line of a massive scale channel down against the US Dollar. As a result of that event the decline of the pair began. However, that ended, as ECB President Mario Draghi began speaking at the monthly ECB press conference. The currency pair erased all previously suffered losses and surged back up to the zone marked by the upper...