In all likelihood cable is heading for 1.7x However nothing is in a straight line. We could see another pullback to around 1.65 before we start moving up again I am already long in several positions ranging from 1.62xx to 1.64xx The key for this ...

EurAnalysis

One more push down is coming. Will it make a new low? Chances are it will to around 1.3395, but it could fail and continue higher after only a 50% retrace of the last move up from the low. Regardless, one move wave down is in the cards and I'll be ...

EurAnalysis

Intraday it's very hard to call because the upside is showing both RSI and MacD bearish divergence, but as we all know, divergence can easily be erased with a strong push upward. This is why I prefer to take the longer term view in the H4 charts and ...

EurAnalysis

Yes of course inflation will be capped by an appreciating Pound since due to a rather flat (but still good) GDP growth curve, the lion's share of the inflation rate will be based on energy and other import prices... and not domestic wages.

EurAnalysis

Yes 1.3420/30 area is the AB=CD target for the second downward corrective cycle, but the entire double corrective downward cycle target is 1.3395. So either one of them or somewhere in between.

EurAnalysis

Hey Gno. Considering how the risk of the debt ceiling not being raised had zero effect on the markets over the last few weeks, the net effect of a resolution will likewise have a zero effect. However, regardless of the debt ceiling issue, the ...

EurAnalysis

Hi Doc, "Space Capacity" refers to production and services capacity in the economy. Basically it means that demand has not yet reached the levels of available supply in the goods and services sectors. Therefore inflation is not a problem. If the ...

EurAnalysis

New Phase In FX Has Begun url In general, the price action in recent weeks has been characterized by weaker equities, firmer core bonds, heavy emerging markets and a firmer yen and US dollar. Our technical analysis suggests that that phase has ...

EurAnalysis

Nice to see you back DHT. Did you take some super extended winter holiday?

Sultans of Swing

EUR/USD Weekly Outlook: Likely Direction, Must-Watch Drivers, Price Points url EURUSD Weekly Outlook: Neutral/Bullish. See sections on the technical picture and fundamental drivers behind it for analysis behind this outlook, price zones and ...

EurAnalysis

Agreed. It could go either way, but for now I am leaning more towards further downside correction towards the 1.3390 area before continuing higher. Mind you I think we need one more upside swing first. Now if that upside swing is strong and there is ...

EurAnalysis

The light should hit him square in the head in a few months when inflation is down to 0.5% At that point we'll likely see the Euro head much much lower. Till then, the mid term target for EUR/USD remains at 1.4x before the big drop.

EurAnalysis

Perhaps I have portrayed the word "sync" incorrectly. Obviously different instruments are never synchronized in price and probably never will be. I was referring to the synchronization of cycle timing which is a very different beast, and my point ...

EurAnalysis

The DXY and the Euro have been out of sync for a while. Probably caused by the rush of capital out of Japan and emerging market economies. They're farging everything up. Say goodbye to correlation... for now. The good thing is that once everything ...

EurAnalysis

Yep. Looks like we're off to the races. Got a small bounce off 6290 (161.8 extention), but now that we've come this far down, I see no reason not to see a test of 6260 (50% retrace) Definitely a touch and go area. I'm remaining flat till the DXY ...

EurAnalysis

One of us might be colorblind because I see cyan and black

EurAnalysis

One day we will be billionaires

EurAnalysis

By far the most realistic (and honest) analysis I've ever read

Cable Update (GBPUSD)

Nah. I love listening to CNBC. They are the best indicator for me to do the opposite of what they say at least 80% of the time.

Cable Update (GBPUSD)