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DislikedThe net result of all price action past few days has led to usd strength. So, lots of people fading and getting short getting wiped out.
The usd might be aiming for its long term high.. given the geopolitical situation.Ignored
DislikedUmm..its rare to see images of building/skyscrapers getting bombed from the air in modern day age...in a congested cityscape. Looks very apocolyptic. I think people are also betting on the situation getting worse, since Iran issue will have to come into play soon.
Some people might be looking at the safety of USD bonds. Others might be positioning into the US market for a equity rally post FOMC. Either way on the whole price action is net postive for USD. Unless the price action intraday is totally biased, its hard to enter the market at this juncture.
The economic situation is being distracted by the middleeast situation, and thats the whole aim. We would be in a major deflationary period now.. if it wasn't this engineered 'war on terror' manufactured post cold war enemy, that the defense/oil companies needed.Ignored