A very beautiful double top formed earlier today on the EURUSD. Expecting for a breakaway to happen with all the Euro Pressure and the dollar emerging stronger this evening
According to Fibonacci levels from its most recent move down on the 1 hour chart. 1.5311 is a support level. Looking at price action, it seems to have found support there. Expect a bounce up from this level.
The major support level to really look out for is 1.0518, price has continually bounced off from this level and is also a Fib Line from the November Swing...
The Mexican Central Bank is increasing its rate due to its high inflation.
Mexico has a trade surplus that will grow due to weakened currency.
The Mexican Peso weakened off fears of what Trump will do and not something concrete.
It is a Carry Trade.
Read more about the fundamentals of this position here.
Technically the 20 MA is crossing below the 50 MA a very...
This move is very fundamental by nature and the technicals also support it.The downtrend continues and a break of the 200MA will bring in more sellers. The Euro is coming under pressure with a stronger US Dollar and political tail risk in Europe. While the Pound has been gaining strength as the hard Brexit seems a little softer. The British consumer still...
$DAL is breaking out of its cloud which is a sign that it may be continuing its trend. The company has been outperforming. Going long with an option with a an expiration about a month from now.
We see that from a simple technical analysis that the Euro is finding support at its 50 MA on the daily chart. MORE importantly however, are the fundamental factors that are making the Euro weak. A continuing QE program and the increased chances of France's Le Pen winning the election have become stronger. Basically Le Pen wants France out the Euro Block. Her...
They might be in the best position to profit with any compromise to Dodd Frank. Right now systematically important banks are categorized as any banks with over 50 billion dollars AUM. Zion is around 64 Billion which means the narrowly made the cut. Because of this they have hired hundreds of staff positions to deal with compliance and paperwork. One popular...
