USD is in a healthy correction last two days as I expected early this week, GBP and EUR both retraced around 300 pips. Again, when everyone say USD is strong, you need to be careful. I believe lots of stops have been taken out and then the real drop is coming… :)
The weakest pair is GBP/USD right now and I expect this pair will make record low this year, below 1.3. British will go severe recession in next few years and it started with the Pound.
As a hedge, you can long some EUR or AUS now.
For the stock market, I know lots of my bear comrade are turning bull now, lots of… this is also what i’ve been expecting ever since the rally starts… time will tell soon…
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