- Weekly and daily charts showing signs of breaking down. In the past (post crisis since USD became a funding currency), USDX down = Risk On trades gaining. If this still holds, then presumably commodity prices and currencies (AUD+CAD) = up; equities up; not too sure about bond yields, but more likely up than down.
- On daily chart, downside target has magnitude of around 2.5 big figures ie around 76.20 (now at 78.50).
- [From core book perspective, it would be lovely now if Europe blows up again, whilst Risk On stays up].
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