This is very important
Without the understand gained from reading this article, you will not realise the absolute rubbish spouted by so called experts in the mainstream media.
In summary:
There has been intervention in the Forex market, pushing up the US$
IMO your Forex decisions can only be sensible if you appreciate this.
Here's the article:
Central Bank Intervention, CA July Foreclosures, and Consumers Tap their Credit Cards
Without the understand gained from reading this article, you will not realise the absolute rubbish spouted by so called experts in the mainstream media.
In summary:
There has been intervention in the Forex market, pushing up the US$
IMO your Forex decisions can only be sensible if you appreciate this.
Here's the article:
Central Bank Intervention, CA July Foreclosures, and Consumers Tap their Credit Cards
My view? I think this level of intervention and central-style planning is destined for failure and that the central banks are ill-advised in their efforts. Instead of helping to reduce the very imbalances and moral hazards that brought us to the brink of systemic collapse, they are now encouraging a deeper foray into those territories.
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