EURUSD

Quoting Js3mwtRc

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{quote} I read that we are in stagflation, meaning that EURUSD will crush with the stock market! Taking the optimistic side, I think EURUSD will go up again! "Optimists, quoting from 80s pop-band "D-ream", would have you believe (in contradiction to the second law of thermodynamics) that from this point, things can only get better. Team-spider would draw different conclusions. Where do you stand?" https://think.ing.com/opinions/stagflation-sort-of/

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Quoting JauntyLoon

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1.1555 next {image}

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Quoting JotaP

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{quote} Situation is not good, they blame everybody and their dog, as usual. China is the main scapegoat, Russia moved to second place. However, there is still terrain for maneuvers and the US has always nice tricks to show out its Pandora box. I am ready to sit and watch what comes next.

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Quoting Js3mwtRc

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{quote} US Dept ceiling and yields are what makes me think "sell EURUSD, but with caution yet". All these stories are good to watch for the risk. I had fun reading, thanks!

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Quoting Bryan5229

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{quote} Sell stop that was below 6712 since yesterday has been activated, now I'm watching the 6634 level, if we close below this level might be potential for our next stop @6016 which is weekly support. {image}

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Quoting JotaP

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{quote} Higher yields, stronger USD -> weaker Wall Street stocks. Lower yields, weaker USD, higher Oil prices -> weaker Wall Street stocks. Wall Street prices is what gives most votes, so not easy to find the correct path for reelection if the economy does not help as well.

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Quoting Js3mwtRc

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{quote} Lower Oil prices= lower CPI and lower yields, so a reflationary trade and EU to 1.2500. Ofcourse ECB should raise rates sooner, but the market will not crush.

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Quoting Mcbeaners

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reckon dxy will hit 3 drives target today, probably before powell speaks. just a guess. {image}

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Quoting JotaP

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{quote} USD is strong and EUR is average. EUR tilts down a bit here and there to help EURUSD go lower. I think they have a pact between them. But Oil is not much afraid of that so stocks will have to wait for better times. What I don't understand is the reason GBP is so weak? Strange.

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Quoting Js3mwtRc

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{quote} OIL prices hitting companies that can't afford to pay their energy bills and UK has dry energy stations. Strength indicators using moving averages and averages lagging price. Evergrande missed payments of 45 millions and in near the end of October if, it defaults then things might get worsen!

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Quoting JotaP

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{quote} Yes, UK has energy issues but their economy is based in Finance. I think they will turn the trend around. Actually they appear to be retaking. Not all Strength Indicator use MA. {image} I don't find that Evergrande novel important. There is minimal exposure in the Occident. Chinese authorities are not minimally concerned.

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Quoting Js3mwtRc

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{quote} British are still in a transition from Brexit, I hope they make it, so Europe can relax with, but what do they really want none knows! Higher prices, or lower... lower is better for Exports, but they are having a long road with energy ahead like, all European Countries. Chinese are good at hiding things, because they want to cool down investors (they will deny this ) so only one way is to just sit and wait its default - Lets hope not! How does your indicator counts strength?

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