The Pillars Have Broken For The Euro Bull Case
Saturday, April 21st, 2012I have been bullish the EUR/USD and negative the DXY (USD/Index) since June 21st, 2010. The primary reason behind this view was the causality of USD/CNY on the USD/Index. When China is in a ‘flexible’ mode, USD/CNY drops and the USD/Index drops with it. This is because Chinese ‘flexibility’ results in the Chinese buying less [...]