When you force someone to do something unsustainable, it will eventually fail spectacularly. That is what soaring oil is doing to non-USD and non-JPY currencies i.e. EUR, GBP, AUD, CAD etcc. These are rallying BEYOND THEIR MEANS and so are stocks. Their downside will emerge in Europe (if not Asia). EURUSD and GBP seen failing to close above the key 1.4245-50 and 1.6555-60s.
Join the Discussion