This protectionism is a dangerous game.
Every currencyblock is relying on exports, no one can afford to lose this war.
China is supporting everything. They are supporting Euro(Greece, Portugal) and buying debt from USA, just to keep their own engine running. They are even buying land in Africa to secure their resources.
The volatility on this pair(EURUSD) will continue until China is out of ammo and is forced to let one of their main export markets slip, which eventually will pop their bubble and lead to new global problems...
Hard commodities are in my opinion the only longer term investment.
For this pair: small timeframes only...
Enjoy the rollercoaster
Every currencyblock is relying on exports, no one can afford to lose this war.
China is supporting everything. They are supporting Euro(Greece, Portugal) and buying debt from USA, just to keep their own engine running. They are even buying land in Africa to secure their resources.
The volatility on this pair(EURUSD) will continue until China is out of ammo and is forced to let one of their main export markets slip, which eventually will pop their bubble and lead to new global problems...
Hard commodities are in my opinion the only longer term investment.
For this pair: small timeframes only...
Enjoy the rollercoaster