Things may have start to be in good shape for UJ as china sought every means to recover.... by lowering Bank interest etc Watch out for all the indicators & if market condition remain positive in UJ world - ? UJ may soon kisses the following TPs : 120.133, 121.370, 122.562, 123.437, 124.402 and beyond :) but might consolidate down to 123+ & then up...
EU has insanely massacre DAX and force it to travel south-pole fantabulously:) :) - if dollar fail to recover ? this will continue to have huge impact on DAX / Weak Dollar
EU rules the world this week , numerous of investors are now turning to EU :) but go with caution be careful not to loose your earnings. If the market condition remain same ? we expect EU to kiss 1.16655 and beyond, this obviously might confuse price action in the market as many traders expect EU to go south
DAX is now down 15% as China doesn't matter" the aforesaid devaluation began with most European crawling down 3-5% from Friday's closing as the day started off with an awesome bounce only to test a brand new lows. EURUSD is now up over 550 pips in 4 days calculating back to 7 month highs. European bond risk is now surging couple with Portugal uping over 490bps...
Weak Canadian dollar will pop in 3 hours 17 minutes and possibly head northpole a little
The US dollar has been under MIGHTY pressure from other well known currencies, mostly due to the enormous dovish minutes - but EU is ruling now - I notice a breakout above 1.1216 which resolve a super duper complex head & shoulders bottom. Above 1.1216 -this exposes the June high at 1.1436,” - EU hitting 1.13+ can never be ignored if the market condition...
EUR/USD closer to 1.1200 EU gained further upside after the FOMC minutes on Wednesday have SPURNED to shed detail on the timing of the first rateS hike by the Fed...
UC is nothing but awesome pair- yet a bit complicated. The USDCAD saw its downside accelerated after Canadian Wholesale Sales rebounded during the month of June, and it expanding 1.3% inter-month and then it reverted May’s contraction at approx. 0.9%. In the US economy, the aforesaid Initial Claims came in chiefly in line with market expectations at around...
After the aforementioned FOMC news - EU possibility of going down from here , finger cross