Please see my post from January 26 here first.
We now have a clear break below support at 19.50, which indicates more downside pressure over the coming weeks/months ahead. I will be looking for a decline towards 18.39 and possibly even lower as the pressure on the Emerging Market currencies mount.
Hi EWs:
ReplyDeleteI´ve just read an article talking about the inflation rates in Emerging Markets, and their point of view its like yours, the volatility in the ER of the exotic currencys its going to increase.
Have you been watching along the last weeks USDTRY?
Do your remember a month ago when we'e talking about the change in the economic cycle? It seems like we're in change, Probably because the USD its going to increase its value after the QEs.
If the USD its going to increase its value, Gold, Paladium, Silver and others are going to do the same, and also the JPY or CHF. It seems we are near to the storm. Look at the currencias which value is peg to metals, like AUD, CAD, ZAR and others,
Hi Manuel,
DeleteThank you for sharing your view.
I think our opinions are pretty much the same.
Kind regards
EWS