From the Desk of Ian Culley @IanCulley
Economists, columnists, and pundits are calling for an economic recession and even the possibility of deflation.
Yet the US dollar is consolidating above a critical support zone.
Nothing bearish about that!
In fact, it’s standard price behavior within an ongoing uptrend.
Sure, the pundits might be right. But both scenarios involve a swift decline in the US dollar.
And that’s simply not what’s happening today.
In fact, forex markets are providing new opportunities to buy US dollars and sell other major currencies…