DislikedDo you think earnings will be good? I thought there were 1.2 bad earnings per every good coming... so maybe this was a pump in hopes of recovery?Ignored
However, the correlation between eurodollar and risk sentiment has been breaking down as of late. Bad econonomic data in the United States has actually brought markets into pricing in more quantitative easing from the Federal Reserve. In contrast, they're not pricing in QE out of the ECB, at least to the extent the Fed would.
AUD/USD though seems to still have a good correlation with risk sentiment on markets.
The trade on eurodollar will likely be very technical over coming months. I'm expressing my bearish view on equities through shorting AUD/USD, which I am expected to top off below .90 before a bush below .80
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