The markets are slowly returning to life after a lukewarm ending last Friday ahead of July 4th Independence day in the US. The Forex market is expressing ‘risk on’ flows at the open in Asia while equities remain underpinned overall. These punchy in Asia are in line with the premise I’ve been promoting of a re-alignment in forex trends. This conducive environment in risk dynamics is one that we’ve morphed into in a slowly but steadily manner after a meritorious bull run by the S&P 500 into 3,150.00 and the Nasdaq at record highs. What makes the ‘risk on’ phase especially convincing this time is the concordance in FX ... (full story)