DislikedRisk (or Risk On) means money is flowing into the market instead of going away. DOW had a sharp recovery implying Risk On sentiment. expect recovery in Asia stock market - at least for the day.
Some currencies such as CAD, AUD, NZD are considered Commodities, RIsk currencies. In cases when commodity prices rise, so will these currencies. When Risk Sentiment is ON, these currencies rises as well. Thus I closed my 2 positions @ BE+5. And then came AUD Retail SAles being very positive. But it didnt push AUD to 0.9600... This does not bode well to...Ignored
I'd never heard that term before, but I always keep an eye on the spot DJIA and other commodities indexes, because they track so nicely with the AUD and that of my own home country, the CAD. Also, I have a really clear read on the large-scale Elliot Wave count for the commodities, which doesn't help much on daily fluctuations but helps me to stay on the right side of the trends... Not that I have any idea what the AUD and the DJI's next move is -- up or down?! And I have a bit riding on that small piece of information! I need them to go down.
Channeling profits from the fractal universe.