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Credit Agricole's month-end re-balancing model suggests strong $USD selling across the board at the end of July as US equities rallied alongside strong corporate earnings.
DXY could use a Daily .382 - .786 retracement
DONT Forget MARS ALIGNMENT FAVORS WAR.
The US 2Q GDP came in at 4.1% with a revision to the 1Q (they are still revising that number). The GDP is the quarter change... annualized. Taking the 2 quarters (2.2% and 4.1%) and dividing by 2 gets 3.15%. The 4 quarter average is 2.85%. (2.8%, 2.3%, 2.2% and 4.1%)
The initial knee jerk reaction in the dollar is a...
Longer term trade setup for Canadians in RRSP or TFSA
Since no shorts can be taken in RRSP or TFSA in Canada be patient and plan out the longer term longs with the highest probability of working out.
The being patient part is still a significant challenge for myself.
Two options for entry if things work out and ABX gets this low.
Like anything else in life...
The uncertainty surrounding the ongoing trade war between the US and China has been driving the price of gold lower, instead of higher, as would normally be the case in times of heightened geopolitical risk. This is due to the close correlation between gold and the Chinese yuan which has remained firm in recent months. The Chinese government has allowed the...
Potential BOTTOM on chart. If the pair will manages to Hold support, take long position on closing bar with stop below the low. The main trend is still bearish , so use a small (speculative) size, but at the same time, we have a good R/R (<1:3).
It seems that ECB is using the Anglo-Saxon version of rate hike projections stating that rates will be stationary through summer of 2019. Doubtful Draghi will spin this hawkishly
.382 Harmonic retrace reversal
#NAFTA #EURUSD #Iran #WTO #ECB #Draghi #EURUSD #Economics #TradeWars #OOTT #Brexit...