Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals.
The Yen has been consolidating in price since 2016, following two major moves since the global financial crisis. The 4-year bear move from 2008 till 2012 saw the USDJPY drop from 123 to roughly 75, nearly 40% lower.
Tensions have been recently rising in Spain, particularly in the run up to the Catalonia independence referendum. The Spanish constitution explicitly forbids such a referendum, but this didn’t stop the Catalans from trying to have it.
The Federal Reserve announced on the 20th September that it would begin its multi-trillion Dollar balance sheet reduction as planned, starting October 2017.
Grega Horvat is sharing his point of view on the DAX, the USDJPY and the US Treasuries. These views are still current and valid.
The EUR/GBP is closing in on the weekly lows, despite the rally in the EUR/USD above 1.20000 this week. That’s a very impressive feat for the GBP single currency, given that the EUR/USD has seen levels this week it hasn’t seen since 2014.
The Euro has been one of the star performers of 2017. We will now try to determine its main drivers of strength, as well as its potential outlook going forward.
Global bond markets have experienced a monstrous multi-year rally, mainly fuelled by unprecedented easing in central bank monetary policy. Most major central banks have engaged in Quantitative Easing and ZIRP/NIRP since the global financial crisis. As a result leverage and risk-taking were greatly encouraged, as the cost of funds became extremely cheap. This led to […]
The EURGBP has been moving higher since the middle of April but we have good reasons to believe that upside momentum has stalled and in fact we are reversing lower.