Dukascopy's Quarterly report. A great overview of the market. I recommend you read it. file image

EurAnalysis

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EurAnalysis

NFP results may look a bit weak on the surface, but even though the number was a bit short of target, there were significant upwards revisions to prior reports to the tune of +35K. Nobody really gives a toss about the unemployment rate because it is ...

EurAnalysis

Looks like Draghi dropped the "QE" word on the market and they are in a slow panic sell. Tomorrow's NFP will either seal the deal or reverse it back up again.

EurAnalysis

Less bee stings and no honey for my tea?

The Club!

That would be far too early because before that can happen, the banking union deal has to be squared away and that's not going to be complete until the end of the year.

EurAnalysis

So far you're bang on

EurAnalysis

I Hope you don't mind me messing up your chart... image and here are my thoughts image There are two major cycles in play here. Cycle 1 started in July 2012 Cycle 2 started in April 2013 Cycle 1 is the entire ABC structure from the 2012 lows ...

The Club!

but still further up to go to finish wave C

The Club!

So you don't think we see a big correction first?

EurAnalysis

It's not the "ultimate" C wave target. It is just one of the 4 possible targets and the lowest one. The next one is 4401 followed by 1.4850 and 1.5060 However, once 4212 is reached, I will be hesitant to keep buying as the cycle may be in its ...

EurAnalysis

Here is how I see it. There are two major cycles in play here. Cycle 1 started in July 2012 Cycle 2 started in April 2013 Cycle 1 is the entire ABC structure from the 2012 lows Cycle 2 is the C wave of the entire structure The fibo extensions FE ...

EurAnalysis

Not sure I agree. 1.4x will not be invalidated in my opinion... unless we see some major macro move by the ECB such as negative rates or quantitative easing.

EurAnalysis

Nice

EurAnalysis

Contracting PMI. China still slowing down.

EurAnalysis

Next major move will happen after Month/quarter end adjustments and most likely coincide with NFP next week. This applies to both E/U and Equities (Risk in general) I am still aiming higher into the 1.4x region for E/U. Equities I am not sure. I ...

EurAnalysis

Monday morning gold nugget... Currency markets are cyclical in nature and always come back to where they started to do it all over again. image

EurAnalysis

Looking good so far I caught a nice one right at the bottom image

EurAnalysis

I would bring the stop loss on Kiwi to break even. If current support (0.8520) holds, we may see one more swing up for a new high with bearish divergence (approx 0.8690 - 0.8725)

EurAnalysis