Technically we should be at the last stages of this currency war which we entered since 2010 when Us activated QE program. In order to put on track the world economy US, Europe and China will have to settle the following terms, which for sure, Trump's admisnitration is seeking: US will debase its currency by circa 20% while Europe and China will revalue their currency just it happened in CW2 (Plaza Accord) or in CW1 (USD pegged to gold standard). China has sat in its chair expecting the mid-term elections in the US. If Trump wins the election, who I believe he will, the give him more strength to put in place the USD devaluation at the G20 meeting in Buenos Aires, Argentina during Nov 30 and December 1st.
Take into account that next month, September, FED will meet and it will raise rates. Putting further pressure on China in order to get an agreement.
TGT: 100.60
Now it fall a little to let's say 95.5 +/- but it wil resume its trend for sure to 100.60.
Take into account that next month, September, FED will meet and it will raise rates. Putting further pressure on China in order to get an agreement.
TGT: 100.60
Now it fall a little to let's say 95.5 +/- but it wil resume its trend for sure to 100.60.
Trade attivo
Trade attivo
Trade attivo
Trade attivo
just a pullback to resume the uptrend by next week, for sure