Monthly Archives: September 2017

The Euro Is Facing Short-Term Resistance

Although Merkel’s party won the most votes in the elections, it is going to take a lot of time and negotiations for her to form a governing coalition Market position is currently quite heavily long EUR (FXE) and short USD (UUP) Technically, the EUR/USD is forming a short term top on the daily charts Although exit […]

Why The Swiss Franc Will Weaken Massively When The ECB Starts To Taper

If you have been keeping track of our views, you will know that we went long EUR/CHF at 1.1163 and recently added to the position. We have articulated the reasons why we are bearish CHF before and continue to believe that it will be a theme for many weeks to come. We recently published an article on on […]

It’s Not Too Late To Hop On The Canadian Dollar Gravy Train

Last week, the Bank of Canada surprised the market by hiking the benchmark interest rates by 0.25% to 1.00% Economic data from Canada has continued to surprise to the upside Fundamentals are strong, and so are the technicals (see charts below) Breaking to new lows last seen in mid 2015, the trend is set to […]