Tables Turning for the Euro?

Published on
December 13th, 2018
Duration
9 minutes

Tables Turning for the Euro?

Technical Trader ·
Featuring Dave Floyd

Published on: December 13th, 2018 • Duration: 9 minutes

Dave Floyd, founder & president of Aspen Trading Group, explains why the unloved currency could be ready to reverse course, and reviews how to profit from the opportunity. He digs into the technicals, discusses the main catalyst and explains how to make the trade. Filmed on December 12, 2018 in Bend, Oregon

Comments

  • JD
    Jeremy D.
    10 January 2019 @ 03:19
    Great call sir- well thought through and great of you to show us the downside numbers that would invalidate the trade had it gone south. Much appreciated and I look forward to future posts. Aloha.
  • PA
    Paul A.
    20 December 2018 @ 10:07
    Nice Call Dave! DXY crashed to start Thursday
  • DF
    Dave F. | Contributor
    17 December 2018 @ 18:38
    As of today (Dec 17th) EUR/USD is starting to catch a bid....spreads continue to tighten and DXY is possible breaking down.....let's see how it all plays out.
  • PC
    Paul C.
    15 December 2018 @ 19:39
    Thanks Dave, I always really enjoy your releases on RV. The 2YR differential analysis you highlight in this video applies to GBP.USD as well... Maybe a bit more bang for your buck with it being so oversold?
    • DF
      Dave F. | Contributor
      17 December 2018 @ 18:39
      Paul C.....that may well be the case.....but there is political risk.....
  • MB
    Matthias B.
    14 December 2018 @ 13:17
    According to Nomura strategist, EURUSD closing below 1.1285 would cause substantial quant selling as short exposure would go max. we are almost there after this morning's sell off
    • DR
      David R.
      14 December 2018 @ 22:40
      EURUSD comfortably held above 1.13 on close. Today might've been a good long entry pt today it.
  • gg
    gurdeep g.
    14 December 2018 @ 11:30
    Im bullish Rogaine (as well as Euro)! Envious of your barnet Dave , great vid
    • DF
      Dave F. | Contributor
      17 December 2018 @ 18:40
      Gurdeep.....ha....I have been fortunate to have the 'hair after 50 gene'
    • PC
      Paul C.
      17 December 2018 @ 21:32
      I had premature kojaculation
  • AS
    Ahan S.
    14 December 2018 @ 11:07
    what's a 2y euro note? 2y yields on Germany are quite different from 2y yields on Franc, Italy, Spain or Greece. As an aside, I think 11 out of 10 people I speak to are bullish on the euro.
    • PC
      Paul C.
      16 December 2018 @ 14:12
      After watching the video, I downloaded 2Yr German yields from investing.com & created the spread. It's there / thereabouts.
  • sm
    stephane m.
    14 December 2018 @ 09:47
    I wouldn't bet any money on something who will be worthless someday!!! I'll keep buying USD ;-)
    • KC
      Kenneth C.
      14 December 2018 @ 17:15
      I think I'm the only one who picked up on your sarcasm
  • sB
    sylvain B.
    13 December 2018 @ 10:51
    Interesting call based on 2Y diff. FX Quantitative models are also flashing buy on EUR as a result of the US slope flattening versus EUR EUR also seems 1std cheap versus USD on long term model. We have been reducing long USD expo
    • DF
      Dave F. | Contributor
      13 December 2018 @ 20:44
      Thanks Sylvain.....looking forward to it playing out in the weeks ahead.
  • JS
    John S.
    13 December 2018 @ 10:26
    Thanks Dave, Great contributions this year. Merry Xmas and Happy New Year.
    • DF
      Dave F. | Contributor
      13 December 2018 @ 20:44
      Thanks for the kind words John S.....Happy Holidays to you as well.
  • DR
    David R.
    13 December 2018 @ 10:20
    There's little doubt that the Weak Dollar will fall in 2019, as USD failed in 2018 to recover more than a portion of its 2017 losses and DXY failed to rise above 97, much less the key 99 level or psychological 100 marker. A hallmark of a mere corrective retracement in the bigger picture Dollar bear market. In the long run USD should suffer significantly along with many US assets. Note that the Brent Johnson's milkshake theory has run its course, it was a great call, but now it's over - read yesterdays MacroTourist about that very point. Everyone is loaded up on USD just like Dec 2016 right before the dollar subsequently collapsed 20%.
    • DF
      Dave F. | Contributor
      13 December 2018 @ 21:08
      Agreed......high bullish sentiment should prove to be the catalyst for lower levels.
    • DF
      Dave F. | Contributor
      13 December 2018 @ 21:08
      Agreed......high bullish sentiment should prove to be the catalyst for lower levels.
    • DR
      David R.
      14 December 2018 @ 10:08
      Uh-oh. EurUsd currently trading @1.1287 below the important 1.13 handle. That could change the near-term prospect. Let's see how it closes the day and week.
    • DR
      David R.
      14 December 2018 @ 10:13
      Dollar bears would not want to see EURUSD close and stay below the 1.1214 low from last month. If I remember right, I think DaveF said so too.
    • DR
      David R.
      14 December 2018 @ 22:38
      Well the EURUSD comfortably held 1.13 on close. Could have been a great long entry pt today for this pair.