Forex trend to watch would be the hitting parity of GBP and Euro. However London would likely emerge from the recession earlier than Europe.
Euro:GBP = 1.1 to 1.2 would be a good buy. 8 Jan BOE rate decision, 15 Jan ECB rate decision.
Now Euro at 1.4000, after retreating from 1.4719. PERHAPS Euro has another leg up to perhaps 1.4900-1.5000 before retreating into 1.3000 for a while.
Watch next week and the 1st week of Jan for the move.
Treasuries USB/UST now showing topping action. With VIX at low, does this foretell a rally in Equities ? SPX now at 860, trying to poke the sacred 850.
Interesting times indeed, welcome comments and discussion.
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