Guys what you are saying about the USD being risk off is true under normal circumstances, but I believe we're talking about a psychological tipping point. As bad news for the US amass at some moment it might lead to a change in sentiment and cause the USD to be less favored than other currencies such as EUR for example which in turn are less favored than ,say, the CHF. So in such cases I advice short AUD/JPY or AUD/CHF If you want to catch every cent on risk aversion
PS: Interesting to note the equities have found support so far the 10260 line, same as at the start of the week. Which is good because a bounce would useful to get back in short. Long term technicals and now fundamentals are starting to point big time south.
PS: Interesting to note the equities have found support so far the 10260 line, same as at the start of the week. Which is good because a bounce would useful to get back in short. Long term technicals and now fundamentals are starting to point big time south.