No recommendations here - just an observation: the last time EURUSD was in this range was 2003. If we breach 1.1, expect to stay there and below through the entire ECB QE program (slated to end in Q3 2016). Americans: this year and next year will be excellent times to spend your summer vacation in the EU.
The USD/CAD pair has been out of alignment with historical averages since the 2007- 2008 GFC. With the recent oil shock (and the loonie's exposure to the oil markets), we're on the verge of testing the historical resistance levels; if oil continues it's downward slide, look for USD/CAD to break through resistance in Q1 2015 at 1.3 - and for that to become the new...
