Dec

16

 The following pairs are testing interesting short-term speculative milestones in front of the historic FOMC announcement:

EUR/USD retraced 38.2% of its fall from record 1.6040 -> 1.2335
DXC retraced 38.2% of its H2 2008 advance 71.31 -> 88.46
USD/CHF is breaking trendline drawn through 7/15 and 9/22 extremes EUR/CHF retraced 62% of 1.6828 -> 1.4300 12-month drop EUR/GBP is at 0.9020 record double-top Feb Gold retraced 62% of Q4 2008 938.8 -> 688 drop US Treasury yields are at record lows from 2-y to 30-y

So while there is a myriad of qualitative considerations: to include unprecedented world-wide credit squeeze, government and crook interferences, holiday "silly season" and year-end repatriation - we are about to assess the veracity of certain quantitative speculators.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search