Currency - January 13, 2018

publication date: Jan 13, 2018

Cerundolo Investment Research    

Currency Update  

Volume 2, Issue 1
January 13, 2018

Download PDF Version here


Items of Interest:

  • The U.S. Dollar Index, DXY, continues to weaken and getting close to our initial target of 90
  • Conversely, the EURO is seeing upside momentum pushing price above last years high and the MFU-4 target area of 1.21. Further upside is expected.
  • After consolidating for two weeks, the British Pound has gained upside momentum and close above its MFU-3 target of 1.36. Our long-term target of 1.38 is now in play.
  • The Renminbi continues to weaken and on target for 6.4.
  • Both the Swedish Krona and Norwegian Krone continue to deteriorate. Further downside is expected.

 

 

 

(Back to top)

 

(Back to top)

(Back to top)

 

(Back to top)

(Back to top)

(Back to top)

 

(Back to top)

 

(Back to top)

(Back to top)