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As BREXIT looms, the EUR/GBP may be signaling a reversal!
Since last year’s UK referendum, Sterling has been the subject of heated debate among market participants and observers. GBP volatility has remained elevated and moves have been knee-jerk to say the least. We are going to have a look at the EUR vs. GBP pair in particular, in an effort to make sense of what’s […]
S&P500, should we trust this breakout?
US Equity markets have been in a prolonged, near straight-line rally for almost 8 years now. This rally started after the 2007-2008 financial crisis and has been relentless in momentum,
USDMXN: Multiple signs point to a reversal!
Mexico has been in the spotlight in the past couple of years, mainly due to Donald Trump’s tough stance against it in the run-up to the US Presidential elections. But, politics aside, let’s take a look and see if the recent extreme market movements are justified by the underlying fundamentals.
The 2017 Elliott Wave map to the USD index!
Nearly six months ago when we launched ForexAnalytix, our analyst Gregor Horvat highlighted his bullish view on USD index through his Elliott Wave charts.
Crude Oil post OPEC meeting
OPEC: (the real) Deal or no Deal? After many months of speculation, OPEC finally delivered. Member countries agreed in principle to control oil production for the first time in several years. Production was agreed to be cut by around 1.2 million barrels a day, by January 2017.
Is the CAD set to surprise to the upside?
Canada is an important G7 country with a quite particular economy. It’s a net exporter of energy and tends to be viewed by the market as an oil-dependent economy. As oil started to plunge in late 2014, the Canadian Dollar followed suit and weakened substantially – vs the USD it climbed from roughly parity to […]
Crude Oil examined under the scope of M.A.A. (Multiple Analysis Approach)
Oil has had a rollercoaster ride since late 2014, dropping from over $100 per barrel to under $30. The cause was quite simple:
Oil and CAD Are Bull While Dollar is a Fool
Anyone who is trading crude oil or USD/CAD should be aware of the important correlation between them. We know that if oil price rises then the Canadian economy benefits as they own considerable oil reserves (third only to Venezuela and Saudi Arabia). Furthermore, let’s not forget that the USD will likely drop in value if oil prices rise, and […]