Founder/CEO - Global Macro Investor and Real Vision Group, Business Cycle Economist, Investment Strategist, Economic Historian, Traveller and Rum Drinker..
Jul. 02, 2018
1 min read
A LOT going on in FX world... looks like it might be the next show to drop and no one has a position. The RMB move is a catalyst. 1/
This is the longer term chart, which I think will become crucial over the next few years. 2/
Japan can not allow for the Yen to be uncompetitive while the rest of the Asian currencies get smoked... there is a HUGE top forming in the ADXY. 3/
And the Euro chart looks simply awful and a re-run of the 1990's. 4/
This is knocking on to Emerging Market Bonds which has a GMI crash pattern formation.... 5/
And also to Junk Bonds, which have broken key supports... 6/
Which adds to my fears about the effects on EU banks too...7/
Its a very macro world out there. I have been writing about all of this for sometime in Global Macro Investor and Macro Insiders - something feels very "wrong". 8/
You can follow @RaoulGMI.
Tip: mention @threader_app on a Twitter thread with the keyword “compile” to get a link to it.
Enjoy Threader? Sign up.