This is it. Risk sentiment bouyed by CB printing now challenged by China results. Asia was to be the growth center to turn the tide. Not happening according to HSBC.
The AUD/USD is the indicator currency i am watching.
Germany positive but they are the only ones. France slipping into the quagmire. Is this enough to challenge status quo thinking that it is possible to print oneself out of debt and come out whole.
Yen says better to have my money back in Japan then outside the Nation.
Japan is a part of the risk sentiment equation and they are voting with their feet back home.
EURO/USD being supported by uptrending 200 sma hourly.1.2965
Just under 50 sma on 4 hour 1.2976
Would expect a bounce test by the techies to 1.3000, which if it holds then is a good level to establish shorts
Since economic results could trigger a strong flight into commodities on fears of increased currency debasement. That is the trend so far, if it does not occur, then this should be the begining of a large move to safety.
rekon also pointed out the cost of energy is triggering restrictions in India.
Do not see how high energy costs is to end happily for this emerging country or others. Global warming policy is a contributor to economic weakness from energy prices.
The AUD/USD is the indicator currency i am watching.
Germany positive but they are the only ones. France slipping into the quagmire. Is this enough to challenge status quo thinking that it is possible to print oneself out of debt and come out whole.
Yen says better to have my money back in Japan then outside the Nation.
Japan is a part of the risk sentiment equation and they are voting with their feet back home.
EURO/USD being supported by uptrending 200 sma hourly.1.2965
Just under 50 sma on 4 hour 1.2976
Would expect a bounce test by the techies to 1.3000, which if it holds then is a good level to establish shorts
Since economic results could trigger a strong flight into commodities on fears of increased currency debasement. That is the trend so far, if it does not occur, then this should be the begining of a large move to safety.
rekon also pointed out the cost of energy is triggering restrictions in India.
Do not see how high energy costs is to end happily for this emerging country or others. Global warming policy is a contributor to economic weakness from energy prices.
