Hard selloff in risk currency land overnight - yesterday's rally
stalled near declining 20 day MA on most Indices/Sectors.
Lately, the market has been oscillating wildly in a trading
range.
Headline News Driven Market Continues (see the tweets).
Gold moving higher in response. These are simply some
quick observations.
Maggi - look at the action in the USDJPY and AUDJPY which are
trading lower. I look at certain currency pairs along with
the credit markets HYG/TLT as a gauge of risk appetite.
The Japanese Yen is considered a safe-haven asset.
Hard selloff in risk currency
Posted by steve on 11th of Apr 2018 at 07:18 am
Hard selloff in risk currency land overnight - yesterday's rally stalled near declining 20 day MA on most Indices/Sectors. Lately, the market has been oscillating wildly in a trading range.
Headline News Driven Market Continues (see the tweets). Gold moving higher in response. These are simply some quick observations.
Please explain what you mean
Posted by maggi3322 on 11th of Apr 2018 at 07:24 am
Please explain what you mean by that
Maggi - look at the
Posted by steve on 11th of Apr 2018 at 07:38 am
Maggi - look at the action in the USDJPY and AUDJPY which are trading lower. I look at certain currency pairs along with the credit markets HYG/TLT as a gauge of risk appetite.
The Japanese Yen is considered a safe-haven asset.
Ok, thanks
Posted by maggi3322 on 11th of Apr 2018 at 08:19 am
Ok, thanks