![EURUSD Price VOL Approaching Historic Lows](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2019/03/2019-03-26-EURUSD-w-Bollinger-Bands-Weekly.png?resize=150%2C150)
EURUSD Price VOL Approaching Historic Lows
Using standard (20, 2) inputs, last week’s Bollinger Band (BB) print on EURUSD stood at 2.3%, up mildly from the recent low of 2.2% posted in early March. That’s the tightest reading in over 40 years. Not since 1977 when the BB printed…...
![Relative VOL of UK Equity and FX Printing All-Time Highs into BREXIT Vote](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2016/06/2016-06-21-Ratio-UK-vs.-US-VIX-Daily-1.png?resize=150%2C150)
Relative VOL of UK Equity and FX Printing All-Time Highs into BREXIT Vote
Here’s a plot of the ratio b/t UK and US-based equity VOL. It’s printing all-time highs at the moment, well above previous highs. In the past, spikes to similar, yet slightly lower highs, have tended to approximate near-term capitulation lows…...
![All the Macro that's Fit to Print](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2016/06/2016-06-16-ECB-Deposit-Rate-w-DB-Weekly.png?resize=150%2C150)
All the Macro that’s Fit to Print
Every corner rounded seems to be producing a different chimera to be contended with at the moment. BREXIT, growing portions of sovereign debt lurching into negative-yield territory, NIRP chaos and its impact on Euro banks, China deval/credit collapse, Islamo-fascism, Fed tightening and…...
![Maastricht Treaty, ERM2 Fraying?](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2016/04/2016-04-05-Ratio-DJ-Stoxx-600-vs.-SPX-Monthly-2.png?resize=150%2C150)
Maastricht Treaty, ERM2 Fraying?
I’ve recently shown, via the chart below, that the ratio of the DJ Stoxx 600 vs. SPX is nearing 20+ year channel support. Said support has only been hit one other time, in fall-92. The relevance of that period is…
![DAX is Unequivocally in a Major Bear Market](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2016/04/2016-04-07-DAX-Bear-Markets-2000-2007-2015-Analog-Daily.png?resize=150%2C150)
DAX is Unequivocally in a Major Bear Market
The chart below plots the DAX against off its Apr-15 high vs. the paths it took off its two other most recent and major structural highs, those being the Mar-00 and Oct-07 peaks that led to 65% and 55% bear…
![Nigh is the Day of GREXIT?](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2016/04/2016-04-05-Greek-Debt-Repayment-Sechedule-Annual.png?resize=150%2C150)
Nigh is the Day of GREXIT?
Much has recently been made about this past weekend’s leak regarding a recent discussion two senior IMF officials had over triggering an “event” that would force Greek to comply with the EU/IMF demands heading into negotiations re: upcoming debt maturities. The timing…...
![Euro Approaching L-T Support, Reaction Will Have Material Implications for Future Trajectory of Inflation/Deflation Thematic](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/11/2015-11-20-Euro-Gold-Weekly.png?resize=150%2C150)
Euro Approaching L-T Support, Reaction Will Have Material Implications for Future Trajectory of Inflation/Deflation Thematic
As I look back on the site in recent weeks/months it seems clear that the work has begun to shift toward the thematic of a deflation/inflation debate. Or, more specifically, the site’s thematic increasingly seems to reveal a world lurching, at accelerating…...
![Working Thesis for 2015](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2015/01/2015-01-01-Cycle-Lengths.png?resize=150%2C150)
Working Thesis for 2015
It’s that time again. Time to put pen to paper and make our best attempt at crystal-balling the upcoming year. If we had to name 2015 or give it a theme we’d probably call it “The Year of Capitulation”. By…...
![Time to Buy This Euro Financial](https://i0.wp.com/www.onlypricesmatter.com/wp-content/uploads/2012/12/2012-12-19-euro-ratio-dj-euro-finls-vs-spx-nbg-weekly1.png?resize=150%2C150)
Time to Buy This Euro Financial
Three charts below: 1) Euro – weekly: breaking out above trend-line resistance 2) Ratio – DJ Euro Financials Index vs. SPX – weekly: breaking out above trend-line resistance 3) NBG – weekly: sits atop important support line (1) and is…...