Both the Aussie and Euro, two good gauges of global risk appetite, continue to mark time after their initial bounces from deeply oversold conditions in recent weeks. I am continuing to watch these currencies for clues as to whether risk of coming off the table again, or if this rally has more gas left in the tank. As I’ve noted before, when stocks are trending I usually do not pay much attention to other asset classes. However, in corrective periods uncertainty is high and many asset classes tend to have tighter correlations.
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Chess, I enjoy posts regarding currency and other asset classes you look to and use as indicators. Very informative for me and topics I need to learn about.
nzd/usd is close to breakout. aud/usd has bumped into 1.000 a few times and felt resistance but kind of looks like it might get through. i am long a very small position of nzd/usd but keeping an eye on the potential bull flag on dx futures