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US v Europe

COMMENT:  Dear Marty, My favorite part of The Solution is that it is so logical. If something can move us forward from this mess in which we are that is logical thinking, it has always been and will always be our specie’s best resource.It has taken me days to digest the information, not because I […]

Reading the Euro

QUESTION: Marty, back on March 10th you said you had support at the 105, 103 and 100 levels in the cash euro. You then called for a bounce after the low was reached at the 10461 price level on March 13. You also said “The Break-Line reaches 80 cents on the next 8.6 year wave” […]

Euro Short-Term

  Greece today has come out and informed its creditors that it will run out of money on April 9th. This is an appeal for more loans before any reforms are completed upon which new disbursements hinge. Brussels has rejected this request. Meanwhile, Greece has officially denied that it would miss the IMF repayment deadline. Nonetheless, Athens will have […]

Euro & Par

Many people have asked is the max par for this year on the Euro? Yes. We have technical support at 9706 level for 2015. We have Yearly Bearish Reversals are 11645 and 10365. So the 116 level will remain as reactionary resistance this year and the 10365 level is key support just below the current […]

The Euro

  The Euro closed the month at 10742 and then there was a huge fight back and forth at 10765 the following day. This is a LONG-TERM signal, not short-term. It is serious for this confirms the broader trend moving forward. However, on the Quarterly level we also elected 10970 and 11983. The first will […]

The Euro – A Serious Confirmation

The Euro closing for March below 10765 being a Double Monthly Bearish Reversal is rather ominous for the long-term. This confirms we will see the Euro collapse to new lows. This may have more to do with just interest rates. The “feeling” in Europe is far more pessimistic than in the USA. I have a […]

MONTH END Closing Below 10765 in Euro & Market Recap

  We have a DOUBLE Monthly Bearish Reversal coming into play today for the Euro at 107.65. This seems to confirm we will see a drop to par. This is still placing pressure on the dollar and a rising dollar remains the confirmation of a deflationary trend in motion. Europe can lower the Euro, but […]

The Euro Bounce

COMMENT: Mr. Armstrong; Those in the industry call you the “legend” and indeed you come out and say the Euro will bounce and it immediately moves. You are perhaps far more influential than you let on. S REPLY: Yes I have heard that is my nickname. But the other side of this coin is simply […]

Austria to Default on Debt of 10.2 billion Euros

The province of Carinthia in Austria with its multibillion-dollar commitments for the former Hypo Alpe Adria, is presenting the classic problem. Does the state honor its guarantees, or does it simply say sorry, we never really guaranteed that. The state government is looking to default of its debt of €10.2 billion euro guarantees. This is […]

The Euro for the Close & Dollar Rally Against Swiss

  We have a shot that today may provide a temporary low for the Euro. We do have a Daily Bearish Reversal at 10546. So far the Euro has fallen to 10510. As you cab see, we also have technical support today at the 10549-10543 level.  So a closing back ABOVE 10546 today will raise […]