The threat of a pullback has been set up, the unpleasant rally in USD as investors rush to park capital in the greenback.
Just at the right moment, because of lockdowns, covid chapter II and things of this nature the highs can be burst open. Although we are in LONG TERM structural decline in the dollar, it does not mean we will not have to rush and take cover under the table when the storm hits shore.
Buyers thus have a fortunate swing in play this week towards 95.4x. The job is only half finished, governments are aiming to default on the debt and covid / lockdowns provide the perfect cover. Capitalism is taking a sabbatical, it's being undermined and globalisation is collapsing like a house of cards.
Thanks as usual for keeping the feedback coming 👍or 👎
Just at the right moment, because of lockdowns, covid chapter II and things of this nature the highs can be burst open. Although we are in LONG TERM structural decline in the dollar, it does not mean we will not have to rush and take cover under the table when the storm hits shore.
Buyers thus have a fortunate swing in play this week towards 95.4x. The job is only half finished, governments are aiming to default on the debt and covid / lockdowns provide the perfect cover. Capitalism is taking a sabbatical, it's being undermined and globalisation is collapsing like a house of cards.
Thanks as usual for keeping the feedback coming 👍or 👎
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USDCAD exploding to the topside:
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We must monitor the flows here extremely carefully over the coming sessions... I will be posting major chart and political updates ahead of Tuesday.
