Politics and the Euro’s Next Move

Published on
January 9th, 2019
Topic
Politics, Trading, Euro
Duration
17 minutes
Asset class
Currencies

Politics and the Euro’s Next Move

Trade Ideas ·
Featuring Joseph Trevisani

Published on: January 9th, 2019 • Duration: 17 minutes • Asset Class: Currencies • Topic: Politics, Trading, Euro

Joseph Trevisani of FXStreet returns to update his outlook on the euro. He is still bearish on the currency, as European growth has slowed, and political division has become the norm across the continent. He lays out his thesis in this interview with Brian Price. Filmed on January 7, 2019.

Comments

  • PM
    Paul M.
    11 January 2019 @ 13:19
    Not one mention of US twin deficits and this guy calls himself an FX analyst? Hilarious.
  • AK
    Arthur K.
    10 January 2019 @ 19:43
    Christmas present of a knitted sweater?
  • DR
    David R.
    10 January 2019 @ 00:35
    PS. Enjoyed the video. Thumbs up. Even if I disagreed with the conclusion, that's what makes a market, and I could turn bullish DXY if certain levels and an alt-EW pattern emerged (esp. a bit later). Just wish Joseph elaborated more on his levels of "strong support and resistance" around 1.09 and 1.16, ideally with at least one chart next time please :). BTW, anyone interested might search the Peter Brandt video about eur/usd and his january affect observation, as Peter is a master trader. Finally, shout-out to the interviewer for this vid - good job!
  • DR
    David R.
    9 January 2019 @ 20:56
    DXY has now officially puked a massive 300 points since Dec 14. Today EURUSD has risen (dollar crashing) by 5X as much as the S&P & Dow have "risen". The fact is that US stocks are again falling in terms of purchasing power and almost every currency in the world. Bad!
    • DR
      David R.
      9 January 2019 @ 21:12
      Final scorecard as US stocks recovered somewhat, up 0.4% from 0.2% when I wrote the above, thus halving stocks' decline in terms of foreign FX. So less bad, but still for all foreign investors of US stocks/assets who'll again still see RED in terms of their reference currency.
  • DR
    David R.
    9 January 2019 @ 17:29
    Hmm. EURUSD already drew a simple inverse H-n-S, before the dollar's recent puke. And DXY already broke down technically many days ago. I don't understand the politics, but seems to me that US is also politically troubled. But I don't rely on fundamentals and, as I've posted awhile ago before this USD pukefest and the previous week's USD pukefest, the buck is technically weak. It might recover, as a corrective dead cat bounce. The entire USD move in mid-2018 was corrective and failed to ever threaten reversal of the dominant longterm USD downtrend, which might be reasserting itself already. But there are better things to short USD against than EUR. As for a USD long this year, maybe USDJPY?

More Episodes