Recent moves in the EUR/USD exchange rate have been driven primarily by the price differential between natural gas in the United States and Europe, rather than by the ECB's historic rate hike last week.
Over the last 90 days, the correlation coefficient between EUR/USD and US-EU gas price differentials is 0.88, indicating a very strong relationship between the...
Twice since 2000 the eurodollar future as pumped to near 100 and at both times the midpoint consolidation marked a bull trap within the S&P. Our current set of circumstances is unique as a third touch at resistance puts the eurodollar future above 100, which signals negative interest rates in the real world and outside the control of the Federal Reserve. How the...
