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FX Breakout Monitor September 13 2019

Forex 5 minutes to read
Strats-Hardy-88x88
John Hardy

Head of FX Strategy

Summary:  The FX Breakout Monitor shows few new developments today as the recent extension lower in many euro crosses was rejected as the euro rallied strongly in reaction to yesterday's ECB meeting. Next week will inevitably prove important for USD pairs over the FOMC meeting on Wednesday.

The FX Breakout Monitor is back, and it is expanded with "autosignals" that show examples of how to trade new breakouts, defined as new 19-day high or low closes not preceded by a breakout in the same direction in the prior week.
Today's FX Breakout Monitor

Outrageous Predictions 2023: The War Economy

  • OP drawing - 352x202 Mobile number 1

    Billionaire coalition creates trillion-dollar Manhattan Project for energy

    The constantly growing global need for energy drives the world's richest to huddle up and launch a R&D project in a size the world hasn't seen since the Manhattan Project gave the US the first atomic bomb.
    Read article
  • OP drawing - 352x202 Mobile number 2

    French President Macron resigns

    The political stalemate in France and the rise of Marie Le Pen following the 2022 elections corners President Macron, forcing him to give up on politics and resign from his position. At least for now.
    Read article
  • OP drawing - 352x202 Mobile number 3

    Gold rockets to USD 3,000 as central banks fail on inflation mandate

    As markets and central banks realise that the idea that inflation is transitory is wrong, and that prices will remain higher for longer, gold is sent through the roof, hitting a price tag of USD 3,000
    Read article
  • OP drawing - 352x202 Mobile number 4

    EU Army forces EU down path to full union

    With continued challenges in the region and a US military that isn't aggressively enacting its former role as global policeman, the European Union agrees to create its own armed forces, bringing the whole region closer.
    Read article
  • OP drawing - 352x202 Mobile number 5

    A country agrees to ban all meat production by 2030

    In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
    Read article
  • OP drawing - 352x202 Mobile number 6

    UK holds UnBrexit referendum

    Following a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
    Read article
  • OP drawing - 352x202 Mobile number 7

    Widespread price controls are introduced to cap official inflation

    History tells us that with the war economy comes rationing and price controls. And this time is no different, as policymakers introduce strict price controls that lead to a range of unintended consequences.
    Read article
  • OP drawing - 352x202 Mobile number 8

    OPEC+ & Chindia walk out of the IMF, agree to trade with new reserve asset

    Sanctions against Russia have caused widespread turmoil due to US Dollar moves in countries across the globe that don't consider the US an ally. To relieve themselves from this, they leave the IMF and create a new reserve asset.
    Read article
  • OP drawing - 352x202 Mobile number 9

    USDJPY fixed to the USD at 200 as Japan overhauls financial system

    Following the challenges that faced the Japanese Yen in 2022, the Bank of Japan attempts to keep the currency from sliding. Unsuccessful on the long-term, Japan will launch a reset of its entire financial system.
    Read article
  • OP drawing - 352x202 Mobile number 10

    Tax haven ban kills private equity

    With the war economy comes an increased focus on national interests and sovereign nations' ability to assert themselves. In that regard, the OECD countries turn their attention on tax havens and pull the big guns out, banning them altogether.
    Read article

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