Weekly close back below 1.15 is not too reassuring for the EUR/USD bulls, but I think knocking out the 1.15 barrier is still somewhat significant....
Way late on this reply- I was making the "expensive" argument on fundamentals/"fair value", not technicals. Either way, I got stopped out @ 1215....
Think it's time to sell- momentum turned. Close over $1200 is invalidation, otherwise look out below
Specifically for EURJPY, there is a reasonably liquid EJY contract that you can trade too
Things to consider: 1) Execution costs (as you stated, will be higher w/ 2x the trades) 2) Bid/Ask spread costs will be doubled (as you're paying...
That's one argument, but that would mean there was no dot-com bubble, not tulip-maina, no bitcoin bubble, etc. In some sense, "fair value" is...
Totally agree with this, which is why I'm on the sidelines right now. I'm more making the argument that there is a fair value / "right price"...
I'm thinking the current 2630-2815 range is going to hold for a bit. In my view, fundamentals did not support the pre-October highs, and the...
Hello all, First post here, and I'm looking to hear some thoughts on palladium. My general thesis is that palladium has simply stretched itself...
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