My picks: Sell GBP/USD
Expertise: Global Macro
Average Time Frame of Trades: 1 week
Investor’s expectations that the world economy will emerge from this recession sooner than expected has triggered substantial rallies on higher yielding currencies, financial stocks and highly leveraged commodities. Certainly, there are many reasons to be more optimistic. However, most of these recent gains are speculative driven and we may see a sharp correction if core economic indicators don’t show an improvement.
