"History says, don't hope On this side of the grave. But then, once in a lifetime The longed-for tidal wave Of justice can rise up, And hope and history rhyme." - Seamus Heaney (And Joe Biden) In the last FX weekly before Christmas, we noted that the history surrounding recent presidential elections suggested a possible peak in EUR/USD around New Year’s eve. So far, this seems to have unfolded fairly nicely. While history may not always be a reliable guide, we therefore also took a look at what usually happens around US inaugurations, seeing that Biden is seemingly set to grab the helm in the White House (at least ... (full story)