Scenario 1: Scenario 1 would be S-H-S tacking into account the real movement which will probably go to 3.90/3.95 y n short run and if there's no agreement between US-China it will hav further pressure and will go to circa 4.20 again in order to complete a new S-H-S in the long cycle. After that will follow a commodities super cycle.
Scenario 2: Scenario 2 will b a consequence of a trade deal between US-China which will lead EM's to new high and a super cycle thanks to China's yuan appreciation.
I will go for Scenario 1
Trade safe!
Scenario 2: Scenario 2 will b a consequence of a trade deal between US-China which will lead EM's to new high and a super cycle thanks to China's yuan appreciation.
I will go for Scenario 1
Trade safe!