Published: Fri, 12 Feb 2016 05:15:39 GMT
Gains seen in the past two weeks on Gold have outperformed the previous 4yrs combined. Combined with a strengthening Yen, and continued fear of recession and Central Bank interventions, then I suspect this is more than just another failed bull rally.
Published: Fri, 12 Feb 2016 04:04:10 GMT
Today presents GDP, industrial production and inflation for Eurozone, all of which may provide further clues for the ECB meeting in March. Technically DXY looks poised to trade lower over coming weeks which will only add further upside to the Euro, with weaker US stocks only adding to the upside pressure.
Published: Thu, 11 Feb 2016 03:18:48 GMT
The cross has formed a potential bullish wedge above the psychological round number 2 level and trendline from the record lows. Whilst we are waiting a diverging theme to occur between the two economies and technical to back up a position, it is a cross I will have on my watchlist in the weeks ahead for a longer-term play.