Oil will sell temporarily till 54 although it will reach world time highs. Global unrest and Iran tensions boiling over will be big fundamental factors.
If Oil prices rebound CAD will get stronger. Wait till yellow.
Dollar Index will come off a bit this week. Look for it to hit the trend line and continue.
Get ready for a long trip before take off!
European politics are looking rather chaotic at the moment. Pivot is there since there is a possibility the situation in Italy will worsen and sellers will be able to break through this zone.
Oils 2nd demand zone ends at 57. If sellers push through that is will head to 3rd demand zone 54. Wait till price reaches the orange line (60.5) pivot is yellow line (64).
Sell only if Yen goes down past yellow line (pivot point). We have a lot of Japanese data today so lets see how it goes.
A lot of European data coming out. Potential price increase.
Good news on Brexit will be the catalyst for the pounds success although at this point English bank want to see the pound out of this undervalued place. In June 2016 the UK voted to leave the EU, David Cameron stepped down and a cloud of uncertainty with bolts of fear and panic was cast over the UK . This is significant since this is the first time the pair...