DislikedInteresting Sinner. So can a scenario play out where the Euro is making new lows and both the USD and the AUD are making new highs? I guess it can as long as the AUD is rising faster than the USD. I just say this bc I am very bearish on the Euro, currently i am in the camp that sees 1.20-1.30 over the course of the year.Ignored
I am not convinced the recession is in until cable breaks its lows, AUDJPY consistently closing below 80, BIS stops buying EURUSD on dips and China abandons gold at 1050.
I already explained to you my view: we are still in the paper game and we will remain to be until it all blows up. Everyone and his dog is bearish right now - does that sound like the next wave of a recession to you?
Maybe I am wrong - I can live with that.