Currencies

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It feels like we see one or two more weeks of dollar correction.

I am looking for fiber (eur/usd) hiting 1.45 next year. This should help the PoG. At that point expect some intense central bank intervention. Why?, because that are resistance levels from the years 1980 and 1992. Central banks are run by economist and all they do is constantly maximize their utility. LOL. If they intervene at that level, they can hope for many traders jumping on the train. So steep correction expected.

What happens after that, could be really interesting. China floating the yuan. US deficit further skyrocking etc. So there is a chance USD turns around and blasts through 1.45 and higher with global consequences I haven't finished thinking to the end.