- Attached chart shows EUR/USD and USD/JPY weekly and daily = Risk On/Off indicators. Both pairs are positively correlated to Risk On, notwithstanding the opposite directions of the USD common element.
- Daily : both charts indicate to me that Risk positions are poised to take a major bath. EUR/USD SHS reversal about to happen. USD/JPY bear flagging for a plunge.
- Weekly : EUR/USD 1.2620 possible. USD/JPY little support until 78.30.
- My core book : Heavy Risk Off via Copper. Am wondering now if I should push it and put on a bit more in FX if EUR/USD breaks 1.30.
11 comments:
S&P500 back under 1375 = another bad sign.
breached 1.3200 in aftn trade. SHS high likely intact?
Huh? On my screens it at 1.3006 now with day's high of 1.3088?
duh. breached 1.3000. sorry. typo.
looks like its trying hard to climb back up aft dippin' into sub 1.3000.
spain cds at new record high 520bps.
Ah. Ok. That makes more sense now.
Turns out to be a sticky one at 1.3000, floating up now.
I will be a buyer if EURUSD goes to 1.2900.
favourable us retail sale gave it a push up. plus short covering in action.
-1.3072
short covering action tapering off.
http://www.cnbc.com/id/47069138
by Darryl Guppy. on EUR/USD.
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