Usd/jpy has penetrated the historical 102 line. This is important news because it means the pair is literally within 102-130 range. I believe the japanese are thinking to lead the currency war now. Possible events are fed reaction to this determination. There is range towards 105's but feds reaction might come at any point so longing here is risky. It is better to wait 95-99 levels to long the pair although scalping option is always open.
Fed will probably react by manipulation of…Continue
As i have written before, berlusconi was expected to completely devastate the italian and european politics and the results were expected. Eur/Usd is rebounded to 1.30 levels. Risk takers expected this too and reacted to election results earlier diriving euro down immediately after Draghi drag. In order to analyse euro in long term one has to look towards the union more closely.
First of all lets designate targets.
Eur/Chf targets 120,8 swiss intervention will come at…Continue
Mr. Draghi said exactly the opposite of everything. Despite ECB's efforts, euro will probably rise to its technical level of 1.39 before losing any strenght. Europe has no clear reforms and despite recognising their monetary problems they show no applicable propositions to solve it. Currency wars is real, however it is a war of attrition so it will probably continue for a decade and its daily effects should be negligible.
Europe is sinking, but not before italian elections.…Continue
Eur will behave bullish until italian elections in 25 february. Italy is the balancing country between germany-france unity and the rest of europe. With uneployment soaring to %25 in spain, i believe reelection of berlusconi will become a tipping point for euro.
The important thing here is how far eur/usd will go, to the up side. If it breaks 1.39 before elections than 1.43, if 1.43 broken 1.49, all before italian elections. At 26 february, eur/usd 1.50 and a…Continue