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

Dissecting the Crash of a Currency & What it Might Mean for US Stocks

posted in: Currencies, Dow, ECB, eur/usd, euro, Gold, S&P 500 | 0

After spending the 2nd half of 2014 in a steady downtrend, the euro currency has entered crash mode at the outset of 2015: EUR/USD is down more than 600 pips so far in January and the euro is down much more against … Continued

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