I anticipate the Euro, Yuan and Yen all devaluing this summer against the dollar. I think it starts off with PBOC or BOJ devaluing which will start off a firestorm first by increasing the dollar to 140-160+. I anticipate that at a minimum we'll see .75-.80.
Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That means a massive move is coming, that only a devaluation could explain.
Also, the TTM Squeeze indicator is almost on every TF except monthly which will hit by this summer. That means a massive move is coming, that only a devaluation could explain.
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How crazy would that be if there was a tsunami that hit Europe?
twitter.com/IVT001/s.../1777582458302529876
twitter.com/IVT001/s.../1777582458302529876
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twitter.com/Mayhem4M.../1782399266624848235
ECB just announced 100 BPS cuts on the table this year, which means they will have to at least DOUBLE THAT! They will do this in the summer, which will knee jerk the dollar higher. Time to get off this sinking ship of a currency pair!! (unless you're selling it)
ECB just announced 100 BPS cuts on the table this year, which means they will have to at least DOUBLE THAT! They will do this in the summer, which will knee jerk the dollar higher. Time to get off this sinking ship of a currency pair!! (unless you're selling it)
Is great weekend reading that covers all the major players and their potential chess moves. It weighs possible moves and gives you a clear outlook of the market dynamics right now.