If you noticed, I stopped posting blogs the day the US and European market turned on Oct 4th. Prior to this date, global high yield assets slumped for more than two months. The US dollar rose as a safe haven!
Since then, high yield assets rose on hopes and speculation from variety of events. Markets had been volatile (and will continue to be volatile). This means that if you could not stomach the volatility, you would be slapped left and right. However, though the volatility is at its extremes, the trend was and is currently trending upwards.
The US dollar was testing a very strong resistance at 80, broke it on a daily basis. BUT, it did not close above 80 on a weekly basis. Since then, the US dollar reversed and nose dived till this current day. The high yield assets (equities in US and Europe), commodity currencies ...
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