Wealth Creation Through Natural Resources
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
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
Trends trend, until they stop trending, at which point they generally consolidate for some time. We have seen this recently in crude oil which experienced a very large downtrend from June through January before consolidating during the past couple of … Continued
Eurozone equity allocations have not been this high since 2006 which happened to coincide with a major peak in relative performance of EU equities vs. the world: Meanwhile, the German DAX Composite Index hasn’t been this far above its … Continued
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
Lets face it, nobody is bullish on the euro, nobody! Even ECB President Mario Draghi probably has a secret short position in the EUR/USD in order to hedge his euro exposure from his salary at the ECB. If the following … Continued
This is a question people have begun asking themselves this week. Previously the thought of a Greek exit from the eurozone brought about images of bank runs, stock market crashes, and other euro area members leaving the common currency. However, … Continued
Regardless of how one would like to look at things, the eurozone and ECB are driving the global markets bus for the time being. The ECB took the bold step of launching a $1 trillion+ quantitative easing program last month … Continued
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
It’s all about the ECB this morning as the central bank launches a massive 1 trillion+ euro program of asset purchases… WSJ: Full Text of Mario Draghi’s Opening Statement Forex Live: ECB launches expanded asset purchase program – Will buy €60bn … Continued