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offtopic: DX stronger if history repeats *PIC*

Whould like to post this as a contrary opinion to the markets heavy short DX positions.

The issue is the spiking LIBOR-OIS spread wich had been an excellent leading indicator for DX movements 2-3 months ahead ( all shown in the added chart )
If history repeats the DX market is on the wrong foot right now ?
As I am a dollar bear and a commodity bull this is the main issue for the strategy to play out- it should be wise to be humble and not take a weaker dollar for a much higher probability than 50%.

GT/Joakim

Messages In This Thread

offtopic: DX stronger if history repeats *PIC*
Large speculators net position *PIC*