Telling CNBC the ECB balance sheet has in shrunk by 5% over the last 6 months compared to increases of 5-15% for the other big three. The ECB's refraining from currency wars may not be the only reason to the euro's sharp rebound. 32-month highs in Germany's business surveys and solid auctions by most periphery Eurozone nations as of late can be categorized among "stabilizing fundamentals" for the Eurozone. The road to $1.37 in EURUSD remains intact as suggested in our Dec 4 note "1.35 Euro Target Revised up". .$1.40 is no longer deemed an aggressive forecast, and is considered baseline objective for early Q2 2013. For tradable ideas on FX and commodities, please our Premium Insights here: http://ashraflaidi.com/premium/trading-the-pause-in-jpy-euro
Here is a DM sent via Twittter to select clients on Monday, alerting them of the upcoming DOW30 trade. The trade was issued to all Premium subscribers later that afternoon via email, Twitter, SMS and Telegram to (Arabic clients). Have a nice weekend.
After Theresa May
Now that PM Theresa May has announced stepping down from the Conservative Party leadership as of June 7, the ongoing political chaos will shift temporarily from striking a deal on the Withdrawal...