FX and Stocks - What Does the Divergence Tell Us? Currencies and equities are moving in completely opposite directions. The stock market has performed extremely well this month with the S&P 500 rising to its highest levels in 4 months. Currencies on the other hand are struggling with the EUR/USD trapped in a range for the past week and the AUD/USD rolling over. Better than expected corporate earnings and Apple's (AAPL) new product releases have made equity traders excited but stocks are trading like the U.S. economy has turned a corner, when it hasn't. While recent economic reports show improvement in the U.S. ... (full story)