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Raoul Pal @RaoulGMI
, 7 tweets, 2 min read Read on Twitter
Europe is on the move... Italian spreads are breaking out... 1/
Spanish spreads have broken their wedge...2/
Portuguese spreads are also widening...3/
The Dax is forming a diamond top or head and shoulders top...4/
The European banks are heading towards the Big Cliff...5/
And the Euro is repeating its previous bear market patters and a break of 1.05, whenever that comes, will likely usher in lowers towards 0.70 (or lower)....6/
Sure, things could change but the narrative being told in the price structure of markets is clear and consistent. Something big is potentially happening in Europe.
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As @Sunchartist points out daily, almost everyone is missing the speed that the Indian Rupee is declining... its in free fall, down almost 18% this year... so far.1/
The Indonesia Rupiah is nearly as bad -15% this year...2/
The Chilean Peso is also suffering badly... -19% at its worst, before the pullback 3/
Read 6 tweets
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$FB - I think this is likely to lead the market darlings lower. Someone has to crack first, and it appears it's going to be FB. When Google goes, its all over.

Here is the Log chart of FB - Gone.
Here is the daily $FB chart - on key support
Here is the weekly chart and the 200 week moving average. On average, anyone who bought this stock over the last two years is flat and very likely about to lose money...
Read 4 tweets
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A few Sunday morning charts to make you step back a look at exactly how critical things are getting for the Dollar bull market... This is going to dictate the macro narrative for the next 6 months, which ever way is plays out. For me, I think the $ goes much higher, faster.
Exhibit A - The Fed Broad Trade Weighted Dollar Index has formed a huge cup and handle formation. The acceleration phase is close...
Exhibit B - $CNY The Chinese currency will move through 7.00 if the next round of trade wars occur. It will not necessarily be driven by China moving the rate but by the basket moving, thus repricing $CNY.
Read 9 tweets

Related threads

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#BREAKING
“EU just agreed to enact sanctions against an Iranian Intelligence Service for its assassination plots on European soil. Strong signal from the EU that we will not accept such behaviour in Europe,” Danish Foreign Minister Anders Samuelsen said.
af.reuters.com/article/worldN…
#BREAKING
EU issues "targeted sanctions" against #Iran's regime in response to terror plots on European soil.
3)
 Reminder:
In October, France said there was no doubt #Iran’s Intelligence Ministry was behind a June plot to attack an exiled opposition (@iran_policy / @Mojahedineng) rally outside Paris.
reuters.com/article/us-fra…
Read 21 tweets
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#Breaking: First #GiletsJaunes arrive in #Paris but are protesting at the outskirts of Paris and has moved! #YellowVests #Acte6
#Update: There are also people gathering at the "place de la Comédie" in #Paris today as they are being heard saying #Macron démission "Resign" as the New #Acte6 protests begins. #GiletsJeunes #YellowVests
#Update: Here is also an another video of protestors singing jingles bells in #France, as new protests are accepted to form across the country! #GiletsJaunes #YellowVests #Acte6
Read 53 tweets
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#Breaking: The #YellowVests protests in France #Paris are getting out of hands people throwing Molotov Cocktails, and self made minor explosive devices. #GiletsJaunes as people demand for French President #Macron to resign.
#Update: More then a dozen of cars, Scooters, and vans have been set on fire in #Paris in France! People are scaling the Champs-Élysées monument and are screaming #Macron resign now! #GilletsJaunes #YellowVests
#Update: Some pictures of the protests today in #Paris in France.
Read 28 tweets
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#BREAKING UN court orders US to halt sanctions on 'humanitarian' goods to Iran
#BREAKING UN court ruling on US sanctions confirms Iran is 'in the right': Iranian ministry
#UPDATE The UN's top court orders the United States to lift sanctions on humanitarian goods for Iran in a stunning setback for US President Donald Trump u.afp.com/obJQ
Read 8 tweets
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1. So #GroupB of the #WorldCup with #Spain, #Portugal, #Morocco and #Iran is the best group ever and we already know what will happen. You just need to look back to the turn of the 16th century and events that linked all of these countries (and Russia). History will repeat.
2. In 1578, at the Battle of Ksar El Kebir in Morocco, the young king of Portugal Sebastian I, who had allied with deposed Sultan Abu Abdallah Mohammed against usurper Abd Al-Malik I, died. The next in line, Cardinal Henry, also promptly died. A succession crisis followed.
3. The end of the House of Aviz led to the Iberian Union in 1580, when Philip II of Spain marched into Portugal and defeated the troops loyal to the Prior of Crato, another claimant to the throne, in the Battle of Alcântara. Spain and Portugal were united. (Portrait by Titian)
Read 26 tweets
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#BREAKING President Trump has decided to pull out of Iran deal, US official says
#BREAKING President Trump says "disastrous" Iran deal an embarrassment for US
#BREAKING President Trump announces US withdrawal from Iran deal
Read 38 tweets

Trending hashtags

#Canada #IranProtests #Pantex #Turkey #GiletsJaunes #Mediterranean #French #Mariannes #Nimes #Minsk #ChampsElysées #WorldCup #Aquarius #nukes #Refugees #CRS #ChampsElysees #IranSanctions #Sweden #France #pdate #Twitter #ÉtatsUnis #SASC #FSA

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