My view on USD has finally worked out. The trend has changed and we've completed the first wave up.
The puzzle of different markets is slowly starting to assemble. The retrace of this first wave up for the USD has an excellent chance to coincide with the top in equities. Indeed, after the Dubai's rescue, what an event may strike the self-confidence of the market participants: Eastern Europe? Don't care, IMF will fix it. The party must be going on! Until it's over.
Monday, December 14, 2009
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