Have you watched any horror stories recently ?
While Equities were dropping hard, the Plunge Protection Team met over a weekend in March and decided to call a top in Gold. Gold gap up above 1000 on the Monday morning and drop and never looked back.
Then in April, Rice was surging. The Rice producing nations (Thailand, Mynmmar, Vietnam) met and wanted to setup a Rice Cartel.
All nations central bankers met in Washington over the IMF meeting, and decided on a stronger USD to ward off inflation.
However, to the contrary, Oil bucked its downtrend, and started to surge past 120, now at 125. With calls to 200 Oil.
Now for most nation, other than China and US, a 125 USD Oil is more expensive now, b'cos USD is now stronger against EURO and most Asia currencies.
When all nations thought they can hide behind a strong USD to fight inflation. They actually fan the inflation.
Hence now economists are calling for a weaker Asia economies next year. The effect of the 120 to 150 USD oil would be felt 6 months down the road.
Now, the Asia countries have nowhere to hide.
Isn't it like a horror movie ?
(GBPUSD itself is a horror show, with Bull traps all the way).
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