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March 7, 2019

Draghi Doesn’t Rock The Boat

ECB President Mario Draghi ends his eight-year mandate this October and market participants are now starting to wonder what direction the central bank will take after his tenure finishes. In the interim it seems that Mr. Draghi, true to form, has been compelled to not rock the boat ahead of the upcoming European elections this May. No surprise there as Euro skeptical parties are already polling double digit increases, almost assuring a decisive defeat of the current status quo in Brussels.

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January 26, 2018

Long Term Musings In January 2018

Everyone apparently hates the Dollar now and continues to cheer its slow but steady demise. In a little over a year we went from nearly par with the EUR/USD to an exchange rate of 1.25 and the pace appears to be increasing. I’m literally heading to the ATM every single day now stashing as much Euros as possible as they most likely will cost me a little more tomorrow. It’s almost starting to feel a bit like living in Argentina, except that nobody else seems to care. Not surprisingly almost everything else, equities and commodities in particular, have responded strongly. After equities, are we now heading for a bull market in commodities? Let’s review where we are on [...]

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December 14, 2017

Euro Campaign

Okay, it seems like the EUR/USD is on the brink of breaking out plus as you recall my hands are thrashed, so I’m posting this with minimal fluff or entertainment value and then fill in the post with additional analysis and thoughts over the coming hour:

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November 29, 2016

Timeless Charts

It’s crickets on the setup front, nothing salient on my momo charts either. Which means it’s time to relax, take a step back, and review the big picture across the board. Although point & figure charts seem a bit antiquated in this day and age I have never understood the negative opinion some traders hold against them. After all PnFs simply give us an opportunity to cancel out an inherent but sometimes deceptive aspect of your vanilla candle or line charts. And that is TIME.

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