DislikedAre you sure about that, when it comes to e/u?
Compare the prices of Dow/S&P/eurusd May,2nd and now
Dow abt -1600pts (-12%)
S&P abt -190pts (-14%)
EURUSD abt -330pips (-2%)
Things have changed since usd as safe haven is in questionIgnored
For now it is definitely Gold.
The BOJ and the G7 openly announced INTERVENTION on the YEN.
If the USD/JPY pair goes below 76.00 and once there is a new Prime Minister in Japan there will be INTERVENTION.
The odds are good they will sell Yen and buy Euro so watch USD/JPY go up and be weaker and EUR/JPY go up and then you can see EUR/USD go up even if the Dow goes down along with Oil.
All the classes are connected however they do not all move in the same directions or by the same percentages because of many factors at play.
We have a race to the bottom for all currencies and as a result Gold and other NON PAPER Asset Classes move up.
Thanks for your comments and observations.