DRAGHI PREPARES MARKETS FOR MONETARY EASING & FURTHER EURO DEBASEMENT Draghi outlined during the ECB’s annual conference in Sintra, Portugal that: The current EU outlook “remains tilted to the downside,” More stimulus will be needed if the outlook doesn’t improve. More interest-rate cuts and more QE are part of the central bank’s arsenal. Risks […]
WORRIES OF EURO CURRENCY WEAKNESS DUE TO INCREASING SIGNS OF ECONOMIC SLOWING Euro may fall as low as $1.15 in two months: Eurizon’s Staines Danske recommends tactical short position targeting $1.21 SOURCE: 04-24-18 Bloomberg – “Euro Bulls Feel the Fatigue as Economic Woes Cloud ECB Path” — Some euro bulls are wondering if the party […]
EURO SPECULATORS AMASS GREATEST LONG POSITIONING EVER! — SOURCE: 01-17-18 ZeroHedge – “Euro Speculators Amass The Greatest Long Positioning Ever” — The last week saw speculators in the EURUSD FX futures market add dramatically to their long positions. In fact, as Bloomberg reports, hedge funds and other speculative investors have amassed the heaviest long positions […]
CURRENCIES EURUSD: NEW PAIN IN THE EURO MAY HAVE JUST BEEN LAUNCHED BY DRAGHI? — SOURCE : 10-27-17 ZeroHedge – “Why For Euro Bulls The Pain Is Only Just Starting” — Judging by the 200 pip tumble since the ECB’s meeting on Thursday, the EURUSD was at 1.1614 moments ago, the unexpectedly dovish taper clearly […]
MAJOR CURRENCY REALIGNMENTS APPEAR UNDERWAY Shift Away from US/Canadian Dollar to Euro/Pound BACKDROP As the MACRO SURPRISE INDEX fell dramatically and aggregate Treasury complex positioning (in 10Y equivalents) shifted back into bearish territory in the last two weeks — The Eurodollar shorts (bets on rate hikes) increased back near record shorts… However, while Eurodollar shorts (rate […]
