Relentless Supply Imbalances In The USD

The US Dollar continues to be smacked lower mercilessly. Once again, the currency ended as the worst performer. On the flip side, the volatile Pound topped the leader board, following the sharp decline it had the prior day. This whipsawing action in the British currency comes to show how erratic the behaviour remains amid the ‘crunch time’ period in the Brexit trade deal talks. This week, unless something suddenly changes this Friday, might be one of the rare times when, due to the current market dynamics, we end up with literally no tradable TT patterns. This lack of activity is not something we can have control … (full story)

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