Watch the charts. Turn off the financial news because it is only unnecessary noise. Financial media's attempts to rationalize price action is akin to a new born trying to explain the meaning of life. How else can you explain some sort of rationalization they try to make of every micro move in price action everyday? If the dollar strengthens, it is because of a strengthening economy because "investors have confidence in the US". If the dollar weakens the next day, it is also a sign of strength in the US economy because people are choosing "to embrace risk assets". It is absolute rubbish and it is dumbfounding that this game of "heads I win, tails you lose" can go on like this.
Jim Sinclair said it best when he coined the acronym "MOPE" - Management of Perspective Economics.
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