This week we saw Bitcoin breach the $10,000 mark and continue in a near-vertical ascent that has some people scratching their heads and others celebrating their incredible gains.
Over the last couple months as a Japanese investor, the moves have been nothing less of extraordinary. Since the end of August to a couple weeks ago, the rally of 22% was unprecedented as the market took cues from the other global equity markets hitting all-time highs in many cases (US, German, etc.) and the […]
Cable is making a nice drop from the 1.3650 September high which can prove to be the start of a new bearish trend if we consider that the move higher from January of this year is most probably an ending diagonal.
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.