Lawler: Observations on the Recent Surge in Net International Migration
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Today, in the Calculated Risk Real Estate Newsletter: Lawler: Observations
on the Recent Surge in Net International Migration
A brief excerpt:
NOTE: Hous...
2022-09-25
This Bear Move Will End When...The Pound Falls to Dollar or Euro Parity
When charts break major levels, it can be tough to find a target. Fibonacci levels are one option. When looking for a psychological number, I think parity between the pound and dollar is as good as any. The pound fell more than 5 percent last week. Another 8 percent is not excessive by comparison.
It helps that it lines up a fib level.
If you want to get more bearish though, the cross with the euro looks like a potentially huge top, or potentially huge base for EURGBP. That makes sense though. If all fiat currencies will die, then I think the UK being independent increases the odds they devalue before the Bundesbank. I mean ECB.
Labels:
Charts,
euro,
United Kingdom
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