Originally Posted by
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I wrote The FX market has experienced a profound shift. In previous years, a trade imbalance or a interest rate change may suddenly move a currency price hundreds of pips. Because of this, success in the FX market followed a conventional formulation: Cut your losses short, but let your profits run.
In the present world of tightening economic interdependency, it's in each country's interest to keep economic and fiscal stability--even if it costs. And trade surplus nations (specifically China) now efficiently underwrite trade deficit nations (specifically the US) from the name of stability and an orderly market. As one result, interest rate differences are compressed. As another, currency volatility is minimised. It is only an opinion FXT. Make of it what you will and great of you to pull me up. Nice to see you . And let us see what happens this season. I have got my home on it.