3 Reasons for the Euro Strength and What’s Next

posted in: Charts, Currencies, ECB, eur/usd, euro | 0

The EUR/USD currency pair is fast approaching a key technical crossroads :   The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also … Continued

The Euro Could Do Something Unexpected

posted in: ECB, eur/usd, euro | 0

BNP Paribas publish a forex report yesterday entitled “Stick To the Plan; Resell EUR/USD” in which the firm argued the following:  “Our positioning indicators suggest EURUSD positioning has not become stretched, and presumably positions have been reduced even further in this … Continued

It’s All About The Benjamins

The only story that matters across global financial markets right now is the parabolic ascent of the US dollar:   The implications of what ‘excessive’ US dollar strength could lead to across global financial markets has created a recent environment … Continued

The Energy & Gold Charts of the Week

posted in: crude oil, ECB, euro, Gold | 0

Small speculators more than doubled their net length in gold futures ahead of the ECB’s quantitative easing announcement on Thursday: This is the largest net long position in gold futures that small speculators have had since early July which happened to … Continued

Energy & Gold Evening Linfest

Investors stay on gold as the ECB implements QE CNBC: Investor Icahn predicts Oil will go lower Reformedbroker: World’s most reluctant stimulus package gets underway   Oilprice.com: Even with possible future sanctions Schlumberger looks to make large acquisition of about half of Eurasia Drilling Co … Continued

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