Now we have seen High Inflation in the US and also two quarters of Negative GDPs and signaling a RECESSION. But we had a strong Labor market and the White House finally came out and denied that we are not in a Recession, so that sent the stock market to Rally. But we are expecting the DIP on the equity market SOON.
Now, I see the Great Britain Pound getting stronger than the dollar. The reason is because US PPI numbers came out worse than expected today. Whenever US PPI comes out worse than expected the US dollar always dump. So, with this confirmation I am going Long on GBPUSD.
I see GBPAUD heading lower and this is due to the Risk Off sentiment and it has already dropped 1400 pips previously and now it is tanking again.