Forex EUR/USD Daily Video, February 17, 2022

[Sive Morten]

Good morning,

Things that we see from DXY performance and cross-market analysis of the interest rates and gold market, make us tend in favor of downside action. Supposedly we could get another downside swing to the 1.12-1.1215 area.

 

[Brett Reynolds]

All this hype and lies in the Media about what is going on in Russia Ukraine invasion. They have been talking it up for weeks..and yet nothing has happened. I personally think it has nothing to do with Ukraine but Putin wants to make a statement because there has been trouble in Belorus and he is probably more worried about a revolution there! I think it's all a huge distraction to what is going on behind the scenes with negotiations about Oil. Gas and ofcourse...Russian Bank Accounts in London!
As for the $US on the charts...i think the effects of Inflation will really 'Kick Home' this year...as you say...and i am looking at $/Yen and $/AUD. $/Kiwi..( Huge Inverse H&S)..and even $/GBP..are looking set to potentially go higher this year.!

 

[Sive Morten]

All this hype and lies in the Media about what is going on in Russia Ukraine invasion. They have been talking it up for weeks..and yet nothing has happened. I personally think it has nothing to do with Ukraine but Putin wants to make a statement because there has been trouble in Belorus and he is probably more worried about a revolution there! I think it's all a huge distraction to what is going on behind the scenes with negotiations about Oil. Gas and ofcourse...Russian Bank Accounts in London!
As for the $US on the charts...i think the effects of Inflation will really 'Kick Home' this year...as you say...and i am looking at $/Yen and $/AUD. $/Kiwi..( Huge Inverse H&S)..and even $/GBP..are looking set to potentially go higher this year.!

Indeed, Brett. Gold action confirms that something is not good, whatever it is - geopolitics or inflation.