New Phase in FX has Begun | Zero Hedge
In general, the price action in recent weeks has been characterized by weaker equities, firmer core bonds, heavy emerging markets and a firmer yen and US dollar. Our technical analysis suggests that that phase has ended and a new one has begun.Many investors had been looking for a correction as new opportunity to increase exposures. They were chopping at the bit, so to speak, to jump back in. It appears they began to do so in the second half of last week.The euro’s recovery was impressive, not so much because of the magnitude of the move, but rather that it gained at all given the events. The ECB did change policy, which many had expected, but clearly the door is open to action in a …
A technical look at the currencies. The phase that has characterized the first few weeks of the year has ended and a new one has begun.
For more info: New Phase in FX has Begun | Zero Hedge
New Phase in FX has Begun | Zero Hedge
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