Euro: Europe is a Failed State $EURUSD Euro selling extended into Asia on Friday after the European Central Bank said it would hold off hiking interest rates at least for another year, while equity traders were uneasy ahead of Donald Trump’s decision on whether to hit China with fresh tariffs. The single currency was hammered […]
Populist Government Takes Power in Italy “Populism is the new organizing principle.” The new government has pledged to pursue a host of populist policies, including reclaiming national sovereignty from the European Union over issues ranging from border protection and immigration to economics and finance. For now, however, it has abandoned previous plans to hold a […]
President Trump ‘Sanctions’ Socialist Europeans Thursday night, a frightened Emmanuel Macron told US President Donald Trump that tariffs on steel and aluminium imports from the European Union were “illegal” and that the EU would respond in a “firm and proportionate manner.” The call between the young French President and President Trump came after the US […]
Uncertainty in the EU, Rattles US Stock Market $DIA, SPY, $QQQ, $VXX Simply put, Italy has fallen out of love with the Euro! The DJIA and S&P 500 posted their biggest 1-day percentage decliners in a month Tuesday as political and financial turmoil in Italy triggered concerns about the stability of the Eurozone, shares of […]
Italian Voters Cast Doubts on the Survival of the European Union ItalExit is inevitable. Since the European Union’s (EU) founding treaty was signed in Rome more than 60 years ago, Italy has been a booster of increased unity and common purpose. That looks now to have come to an end. Sunday, Euroskeptics and populists rode […]
USD & Gold: The Bulls Vs The Bears $USD, $EUR, $GLD The notion of repeated cycles is timeless, it is how the ancient people perceived time: not as linear sequence of events, but as replaying patterns of Dark and Golden Ages. Those of us that Chart the Market view it as struggle between The Bulls and The […]
EURUSD closed up 0.001 at 1.203. Volume was 15% above average (neutral) and Bollinger Bands were 2% narrower than normal. Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Warning: bearish divergence Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish […]
While we remain structurally bearish on GBP, we think EUR/GBP is due some mcorrection in the short-term. The cross is technically stretched with the 14-day RSI running above 80, a level it has reached only four times since 2008. Moreover, Bank of England pricing looks very dovish again with no hikes priced until late 2019. While we […]
The battle to control euro clearing once the U.K. leaves the European Union is getting uglier. LCH, the London Stock Exchange Group Plc unit that dominates euro clearing, wants to stop the European Central Bank from gaining the power to veto its decisions. Eurex Clearing, the Deutsche Boerse AG-owned subsidiary that would probably benefit most if London was […]
Euro (€) ⇨ US Dollar ($) (EURUSD) BREXIT TALKS – Donald Tusk Defending Britain Highlights EUR/USD has charged to a six-month high, but its drive higher doesn’t seem to carry clear fundamental lines Risk trends continue to inch higher with limited conviction and problem for those looking to play a trend Top event risk will […]
British Pound (£) ⇨ Euro (€) (GBPEUR) The Ulitmate Brexit Trade Highlights: Euro sees off Macron victory with a gallic shrug Euro drops after rising to six-month high Long GBP Short EUR Labour will make Britain a force for good Britain’s BT sets out ambition for ultrafast broadband Overall, the bias in prices is: Sideways. […]
Euro in Focus as Draghi Speaks The Euro remains under pressure due to bad fundamentals and the view Macron will be to weak to implement reforms. Mario Draghi’s speech in the Dutch Parliament today might allow the Euro to partially recover, he constantly attempts to talk up the Euro but never delivers any of his […]
Euro (€) ⇨ US Dollar ($) (EURUSD) Macron Can Not Save The Euro Highlights *euro jumped on news of macrons election, but faded quickly. *Macron is a failed finance minister, a socialist, and the EUs puppet. *There is nothing Macron can or will do to save to euro. *Macron won by default as Le Pen […]
Euro (€) To Gain Ground Versus The Dollar Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 1.07. The projected upper bound is: 1.10. The projected lower bound is: 1.07. The projected closing price is: 1.09. Candlesticks […]
Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.08. The projected lower bound is: 1.05. The projected closing price is: 1.07. Candlesticks A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. […]
EURUSD to Head Sub-Par EUR= closed up 0.001 at 1.058. Volume was 90% below average (consolidating) and Bollinger Bands were 63% narrower than normal. Open High Low Close Volume___ 1.057 1.059 1.057 1.058 12,366 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.06 1.06 1.09 Volatility: […]
EURUSD The European Union is Over EURUSD closed up 0.003 at 1.062. Volume was 38% below average (neutral) and Bollinger Bands were 25% narrower than normal. Open High Low Close Volume___ 1.059 1.062 1.057 1.062 80,025 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.06 1.06 […]
Donald Tusk Should Resign his EU Council Presidency Donald Tusk is out of touch, he is still clinging to a New World Order that has collapsed along with the Euro. The EU experiment of Mega-Government and denationalized socialism has failed. Now he has identified Donald Trump as a threat to the EU. Is Donald Trump […]
EURUSD The Year Ahead BREXIT, GREXIT, FREXIT This is an analysis based on the Monthly Charts EURUSD closed down -0.020 at 1.039. Volume was 97% above average (neutral) and Bollinger Bands were 60% narrower than normal. Open High Low Close Volume___ 1.059 1.087 1.035 1.039 2,619,733 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long […]
Wolfgang Schaeuble told Greece to carry out unpopular reforms if it wants to stay in the Eurozone, ruling out debt relief for Athens. The warning may signal yet another emergency in the continent already beset by multiple crises. “Athens must finally implement the needed reforms,” Schaeuble told Bild am Sonntag on Sunday. “If Greece wants to […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 100.11. The projected upper bound is: 102.37. The projected lower bound is: 101.07. The projected closing price is: […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.13. The projected lower bound is: 1.10. The projected closing price is: 1.12. FOREX EUR= closed up 0.000 at 1.115. Volume was […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 1.12. The projected upper bound is: 1.13. The projected lower bound is: 1.11. The projected closing price […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. By the way, prices are vulnerable to a correction towards 1.12. The projected upper bound is: 1.15. The projected lower bound is: 1.11. The projected closing price […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.15. The projected lower bound is: 1.11. The projected closing price is: 1.13. FOREX EUR= closed down -0.003 at 1.133. Volume was 10% […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.13. The projected lower bound is: 1.10. The projected closing price is: 1.12. FOREX EUR= closed up 0.002 at 1.116. Volume was 21% […]
Euro (€) ⇨ US Dollar ($)(EURUSD) Trading Outlook HEFFX Notes Euro Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.14. The projected lower bound is: 1.10. The projected closing price is: 1.12. FOREX EUR= closed up 0.006 at 1.117. Volume was 25% […]
Euro Dollar (EUR) ⇨ US Dollar ($) (EURUSD) HEFFX Notes HEFFX Euro Target is 0.99 cents to the US Dollar. Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.13. The projected lower bound is: 1.09. The projected closing price is: 1.11. […]
Euro (€) ⇨ US Dollar ($) (EURUSD) HEFFX Trading Outlook Euro (€) ⇨ US Dollar ($) HEFFX Notes Overall, the bias in prices is: Sideways. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1.14. The projected lower bound is: 1.09. The projected closing price is: 1.11. FOREX EUR= […]
EURUSD Forex Technical Analysis (Daily) $EURUSD Euro EURUSD broke the resistance (Red dotted) of the small consolidation zone and moved up towards the 61.8% Fibo retracement mark, which has served as a resistance point till now. A push above this Fibo could see price challenge the 78.6% Fibo mark of Wave 2 Vs 1, but […]
Monday’s Currency Briefing $USDJPY, $EURUSD, $.DXY Major currencies are trading strong Vs the Dollar and could remain so near term. US Dollar (.DXY) Index (95.63) is down sharply and could come down towards 94.50 in the near term before bouncing back again. USDJPY: Japanese Yen (102.57) has fallen sharply as the BOJ meeting came in […]
EURUSD HEFFX Expects Parity in 2017 Official figures show that economic growth across the 19-country eurozone halved in the second quarter of the year, a development that is probably more likely due to the fading boost from a lower oil prices and weaker euro than to concerns in the run-up to the British vote on […]
EURUSD, USDJPY Forex Technical Analysis (Daily) EURUSD Euro Current mark – 1.1085 EURUSD: Current pullback after 1.1120 peak should be considered corrective, preceding another rise towards 1.1190 resistance area. Key support lies at 1.1030-40. Resistance Support intraday intraweek intraday intraweek 1.1120 1.1190 1.1030 1.0910 1.1190 1.1415 1.0960 1.0820 USDJPY Japanese Yen Current mark- 103.86 The sell-off […]
EURUSD Euro will Hit Parity with USD Europe is plagued with problems Brexit, anemic growth, poor leadership, terrorism and debt are taking their toll on the Euro. We expect to see the Euro hit parity to the USD this year. FOREX EUR= closed down -0.002 at 1.100. Volume was 33% below average (neutral) and Bollinger […]
FOREX EUR= closed down -0.002 at 1.105. Volume was 29% below average (neutral) and Bollinger Bands were 5% wider than normal. Open High Low Close Volume___ 1.107 1.109 1.103 1.105 54,639 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1.11 1.13 1.11 Volatility: 17 12 12 […]
The Evolution of the European Union The History of the EU from its post WWII beginnings to the present day With the United Kingdom (UK) voting to leave the European Union (EU) in the referendum held on 23 June, here is a look back at the evolution of the 28 nation single currency (Euro) bloc. […]
EUR INDEX closed up 0.188 at 98.441. Volume was 8,900% above average (trending) and Bollinger Bands were 12% narrower than normal. Open High Low Close Volume___ 98.151 98.494 97.750 98.441 11,200 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 98.22 98.92 98.27 Volatility: 7 7 7 […]
Brexit to Have Little Impact on Saudi and UAE Financial Institutions Saudi said it had already made some adjustments to assets denominated in Pound Sterling and Euros Saturday, 2 Gulf states said they did not anticipate their financial institutions to be greatly affected as a result of Britain’s vote to leave the EU. Saudi Arabia, […]
Wall Street Guessed Wrong, UK Votes to “Sever” from the EU $DIA, $SPY, $QQQ, $VXX, $GLD, $USO, $GBP, $USD, $JPY The liberals have been beaten, the polls were wrong, the people have taken back their country. The voters in Great Britain have chosen to take their country out of the EU leaving their government’s leadership […]
FX News: Euro (€) ⇨ US Dollar ($) (EURUSD) FOREX EUR= closed down -0.007 at 1.125. Volume was 8% above average (neutral) and Bollinger Bands were 20% narrower than normal. Open High Low Close Volume___ 1.132 1.133 1.124 1.125 79,089 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period […]
EURUSD Why I Expect the Euro to Trade Sub-Par FOREX EUR= closed up 0.020 at 1.133. Volume was 79% below average (consolidating) and Bollinger Bands were 40% narrower than normal. Open High Low Close Volume___ 1.113 1.135 1.111 1.133 249,816 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period […]
ECB’s Mario Draghi Ignores German Criticism of Loose Money Policy $DIA, $SPY, $QQQ, $VXX Thursday, European Central Bank (ECB) President Mario Draghi ignored German criticism of the central bank’s ultra-loose monetary policy and vowing to use all the “tools” at his disposal for “as long as needed.” He said the ECB’s policy was working, which helped boost […]