The entire industrialized world is engaged in a form of economic warfare known as inflation .
The idea being that if you can make your currency less valuable it makes your export more attractive for the foreign nations than if your currency was more expensive. So this has to do with fluctuations in currency prices. What...
Here we can see that EXY touches the 50% level and fluctuates around 38.2% as well. With Brexit vote looming around the direction of EXY will heavily be influenced the news and that shall determine how the trade proceeds. EXY is gaining strength on smaller timeframes so I will be looking for a Buy stop order.
What a week!
After Trump announcement of a trade deal with China, not confirm by China scepticism started to rise and turned red with the arrest of Huawei CFO. Not a sign of warming.
Economic activity is decelerating, as shown graphically but ECRI, and simultaneously the US trade deficit with China reached a new all time high in October at 43billion.