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.
If you are a subscriber of ForexAnalytix you already know that we are still expecting another leg up on USD Index to complete bullish cycle from 2011.
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 US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss.
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.
The Bank of England’s Monetary Policy Committee met last week and there were some interesting developments. We will try to sieve through the plethora of information and pick what we think were the salient points.
The EUR/USD had rallied testing almost the 2010 spike lows near the 1.1870 level. Overnight and yesterday we came very close to 1.1850, which you could argue is a successful test.
Good day traders! The German Dax and the S&P500 have maintained a negative correlation during the past few weeks with the US market trading at all-time highs while the DAX losing nearly 7% since the June 20th high.