Quotable

“Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected". -  George Soros

FX Trading: Where are we?  Our best guess!

Long-time readers know we are big fans of the boom-bust theory of price action, as first I saw articulated by George Soros back in 1987 in his book, Alchemy of Finance.  (It is by the way the same time I learned of Karl Popper and the black swan; and name our firm accordingly, back in 2003.)    

We use the boom-bust construct to help us understand better, but never with anything approaching perfect knowledge (if one can ever approach such a thing), where we might be in the current cycle regarding the dollar.  

A visual of the boom-bust looks like this:

.....read more starting on page 2 HERE.