GBPUSD Key Area - Breakout to Long Side?
I think we have to respect the possibility of a breakout in major world currencies (EUR, GBP, CAD, AUD can take off before going much lower).
At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower USD.
At this point, I think the alternative (deflation) is just not an option. So, I would expect the Fed to keep the pedal down. More bond buying (more money printing), lower USD.
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