In today’s market review for February 26th, we prepare for the US Initial Jobless Claims and discuss a major macroeconomic theme: the impending, "apocalyptic" weakness of the US Dollar.
We analyze Gold's recent technical breakdown and how Asian and US trading sessions are reacting to the short zones. For the Forex majors, we have massive long-term bullish plans for EUR/USD (targeting 1.1890 and beyond) and GBP/USD (eyeing the 1.4000 liquidity zone), driven entirely by global dollar weakness. We also break down the math behind USD/CAD and why its current bounce is just a temporary correction before a potential historical plunge towards the 1.15 level.
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