“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected”. – George Soros
FX Trading: Where are we? Our best guess!
Long-time readers know we are big fans of the boom-bust theory of price action, as first I saw articulated by George Soros back in 1987 in his book, Alchemy of Finance. (It is by the way the same time I learned of Karl Popper and the black swan; and name our firm accordingly, back in 2003.)
We use the boom-bust construct to help us understand better, but never with anything approaching perfect knowledge (if one can ever approach such a thing), where we might be in the current cycle regarding the dollar.
A visual of the boom-bust looks like this:
…..read more starting on page 2 HERE.