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The SPX seems to have hit resistance at 1274/1275 and other indexes have posted some days in the red.
To start the week off, the commodity currencies have been hit hard, but the move in equities may signal some demand to the short side in pairs like EUR/NZD as a risk based trade.
Will need to see some further follow through with equities to confirm a turn in some of these pairs as they have been quite bullish as of late.
The EURAUD is also a currency to watch, but with the RBNZ conference around the corner I've positioned in the EURNZD in the contest and personal account.
To start the week off, the commodity currencies have been hit hard, but the move in equities may signal some demand to the short side in pairs like EUR/NZD as a risk based trade.
Will need to see some further follow through with equities to confirm a turn in some of these pairs as they have been quite bullish as of late.
The EURAUD is also a currency to watch, but with the RBNZ conference around the corner I've positioned in the EURNZD in the contest and personal account.
