SS says
Pls have a look at this chart
Public opinion ie BULLISHNESS on CHF is near a peak
We just saw a 90% number
This is the highest since 2007
This is CRAZY ZANY BULLISHNESS
CHF has been VERY VERY STRONG vs USD
The move is about to end - or may be has just ended
We are about to see a reversal in BULLISHNESS ON CHF - I can say - more a LOVE for USD - hence a drop in this blue line and a STRONG DOLLAR
I know CHF is safe haven FX - but we are about to see a move like 2008 later this year or next so CHF is about to weaken
No comments:
Post a Comment