Same as my idea on GBPUSD from July 9th, 2021:
"I think we have to respect the possibility of a breakout in major world currencies (EUR, GBP, CAD, AUD can take off before going much lower).
At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower $USD."
"I think we have to respect the possibility of a breakout in major world currencies (EUR, GBP, CAD, AUD can take off before going much lower).
At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower $USD."
