$AUDUSD - Aussie Continues Its Consolidation:
has served the interest of hedge funds and investment banks, but now they have to worry about inflation. Inflation running out of control is the type of thing that causes civil unrest.
It is because of this that we may be entering a new paradigm, but the end result will more likely than not be the same. In other words, I hate to say this but it’s probably back to the “bad news is good news” type of attitude that the market had for so long. If the jobs number is relatively light, it’s likely that what we have next year rally in the market because Wall Street will be convinced that they will get their sugar from Uncle Jerome. On the other hand, if the jobs number comes out far too strong, people will begin to worry that the Federal Reserve is actually serious about fighting inflation, which of course would be bad for Wall Street as markets have nothing to do with the economy.
Once you understand that it’s about monetary flow and has nothing to do with the companies involved, you begin to understand that this is a bet on Federal Reserve policy more than anything else. This is especially true with theAs long as traders on Wall Street believe that they can get cheap or free money, get a rally.
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