EURUSD has a weekly uptrend, from a 'Time at Mode' perspective, and the sentiment is considerably negative for it lately, with the French elections starting the first round tomorrow. This weekend, the IMF meeting takes place, and it might be a very significant event for the Euro.
This week is packed with data and potential catalysts for all markets, with Mnuchin's speech in less than 2 hours from now, the IMF meetings today and tomorrow, and French elections, things will be interesting at the open. Then during the week, we have Trump's 'tax package' announcement after Wedneday, as well as the freedom caucus potentially approving the revised Obamacare repeal plan.
What is certain, is that mainstream media, sentiment, and the regular Joe will get it all wrong, sadly.
So, let's try to remain contrarian.
Best of luck and have a nice weekend.
Ivan Labrie.
Ref: www.bloomberg.com/po...t-border-tax-revenue
www.bloomberg.com/ne...protectionist-pledge
"The IMFC statement reiterated pledges from October to “refrain from competitive devaluations” of currencies and to avoid targeting “our exchange rates for competitive purposes.”"
This week is packed with data and potential catalysts for all markets, with Mnuchin's speech in less than 2 hours from now, the IMF meetings today and tomorrow, and French elections, things will be interesting at the open. Then during the week, we have Trump's 'tax package' announcement after Wedneday, as well as the freedom caucus potentially approving the revised Obamacare repeal plan.
What is certain, is that mainstream media, sentiment, and the regular Joe will get it all wrong, sadly.
So, let's try to remain contrarian.
Best of luck and have a nice weekend.
Ivan Labrie.
Ref: www.bloomberg.com/po...t-border-tax-revenue
www.bloomberg.com/ne...protectionist-pledge
"The IMFC statement reiterated pledges from October to “refrain from competitive devaluations” of currencies and to avoid targeting “our exchange rates for competitive purposes.”"
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$EURUSD could hold here, but we need to wait for London traders to shor their hand
Tomorrow we might add to the trade.
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