Yesterday’s price action in the currencies versus the dollar was a drag, man… We did, however, see the higher yielding currencies begin to move away from the pack of currencies led by the euro (EUR). That move higher by the likes of Australia (AUD), Brazil (BRL), South Africa (ZAR), and others, carried over through the [...]
Front and center this morning, we saw the risk aversion that held a tight grip on the currencies and commodities for about a week, fade a bit as the day went on yesterday, and the dollar selling has carried through the overnight and morning sessions overseas. “What caused this turnaround?” I hear you asking… Ahhh [...]
On Friday morning, it was a risk off day… But as the day wore on, risk came back into the currencies…. And today, it’s REALLY a risk on day! Apparently, at some time on Friday, someone with a lick of brains realized that the Fed is going to keep their stimulus measures – which include [...]
