On the eve of the Lunar New Year we have seen a significant return to risk assets.
I have constantly been reading bearish commentary over the last few weeks – probably since early December – and we have a situation where EUR/USD 1.4000 , AUD/USD 1.0300, USD/JPY 80.00, NZD/USD 0.8000 and who-knows-where for Cable are all in sight….what REALLY concerns me is the fact that I am still talking to people who are nursing shorts from way back and reading commentary ( this site being no exception) from non-believers all suggesting that it’s all wrong…
The trend has been the friend of some but not the non-believers….
