The Euro turning point on our Weekly Models still points to the week of May 8th. As we can see technically, the Euro is well below the Monthly Downtrend Line which stands significantly above the market at 12622. There is no real chance of a reversal in the protracted long-term decline. We really need a […]
QUESTION: The bounce in the Euro is a fool’s’ game? ANSWER: Absolutely. The Euro is doomed because especially if Le Pen loses, Brussels will be relieved and proceed as usual. The same problems will merely exist and no reform will come forward to save the day. A good wind will blow over the European banking […]
It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third […]
The overwhelming view within Europe is that the dollar is about to make a big move to the downside. We warned that the dollar would decline basically to retest the uptrend line. Failing to get through that technical level and bouncing off it, is technically a very bearish signal for the Euro – not the […]
The French Elections are in complete chaos. We are witnessing the collapse of the Fifth Republic of France. Our computer correctly forecasted that the Socialist Party would lose. It also forecasted that Le Pen’s party would beat the Socialists and most likely even the conservatives, which is led by Francois Fillon. Yet, the scandal around […]
QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into […]
Today a closing above 20775 will signal that the Dow Jones Industrials is still holding firm. We see this period into May as consolidation. We have technical support at 20147 level and technical closing support at 20702. ONLY a weekly closing below 20000 would confirm a more sustainable correction into May. Otherwise, expect choppiness. […]
Our Target for a turning point was February and that may indeed produce the highest monthly closing. The intraday high came on March 1st, but looking forward we are due for that correction we warned going into the April/May time period. The talk seems to be concern that Trump is being attacked on all sides […]
While Europe is certainly not turning bullish, what we do see is a bounce due to the fundamental focus of the pending US debt ceiling battle looming on the horizon. Naturally, the press will be blaming Trump so we should be prepared for headlines like US going to default. The press will use this incident […]
We can probably count on one thing – the people from Goldman Sachs advising Trump will most likely do what they always do – assume the manipulation and “influence” is all that is needed to change the trend in the dollar. Donald Trump’s top trade adviser Peter Navarro has hit out at Germany and accused the country […]
