Congrats to EU leaders for corona rescue package, but think it's time for euro to breath a little. A too expensive euro will make it hard to come out of recesseion.
Sharp fall if EU summit fails this weekend, will possibly fall no matter what the outcome of the summit is.
EURO or EUROZONE strength makes absolutely no sense fundamentally. They eeked out the 2008 recession now they are losing UK. Coronavirus is shutting everything down, I see more countries leaving EU after UK is successful. The need for the Euro is gone. Anyway technically there is strong divergence on the daily, also the pair is trading within a widening down...
I'm calling BS, the correlation is so freaking far off it's insane. Gold going up with USD is insane, I see another lawsuit soon involving brokerages. They already got tagged for pumping the euro. Yeah brokerages are now pumping the USD, they will get caught.
Just wondering when China starts selling USD's to survive if their economy goes to complete crap.
They are going to make me start scalping again, no one likes me when I scalp. Trying to be respectful but these guys make you disrespectful.
Where did the correlation go? I used to be pretty damn strong. Gold rising with XAUUSD rising with DXY
Divergence on the weekly chart is saying something is not quite right with the rise. Be careful going long USD, its overbought on the daily and this weekly divergence is quite frankly very scary.
Telsa - the car you will not be able to find parts for in 10 years.
400 pip divergence on EURGBP due to misplaced fear. I'm more afraid there will be no EU next week than afraid the UK will not be able to trade with the free world.
Then they threatened the petro dollar while they sat back and got rich off of the only nation that was making them rich. Now they have a little heartburn because we decided to drill and ship. I don't have any sympathy for them.
We managed it well but now all other prices must come down.
Historically you can relate the two. Since we all know oil isn't much above 50 for some time. Then we should also know that gold is extremely overpriced.
Maybe Draghi wanted a stronger euro. I couldn't tell. Crazy movements