Gold has pulled back over the last few trading sessions and the Bollinger bands have narrowed (green rectangle). This would suggest an imminent expansion and a volatility increase. We note, that although Bollinger analysis is insightful with regard to volatility cycles it does not have much to say on price direction. An expansion with price maintaining its...
We know whats to come as the CAD continues their QE exit plan. Price was MANIPULATED yesterday, i believe, in order to sell these pair at the upmost PREMIUM PRICE there is for now! EURCAD TARGET 1.458 (Weekly low.. for now lol) then let the risk free USD CAD TARGETS 1.119 (Or anywhere at least SUB 1.2)
Tmrw is Bank of Canada, The only central bank to actually start it's exit from their QE program. EUR is looking to extend theirs as always , from a pure fundamental stand point, this thing should be going to 1.44 pretty soon
Draghi is due to speak tonight during the ECB Press Conference. I guess today this is all market will talk about. The morning session up to this point has not hinted much, aside from EURAUD moving up due to AUD bad data, the rest is kinda sideway. Running into this event I don't have any particular insights, given the structure of first statement, followed by Q&A,...
EURUSD has a "fair value" of around 1.36 according to OCED (data.oecd.org) It was oscillating around that area for a while until a period of divergent monetary policy - the fed stopping their money printing presses and the ECB starting theirs. This brought the Euro to almost parity. But now we are entering a period where both central banks are reducing their QE...
Like most of the major equities Indices are in very bullish mode since 2009 low and it seems nothing could go wrong. All the "Fundamentals" point to many profitable years ahead. In fact I have hear a presentation from notable commentator suggesting 2009 will is a generational low ie will not be revisited ever in his life time. I think he is in his fifties. He...