We have Risk-off sentiment in today's markets as Trump catches Covid-19 If stocks continue to decline, we have a strong bias to sell AUD/JPY, AUD/USD, NOK/JPY, CAD/JPY RUB/JPY
We have a short sell set up for USD/NOK as the U.S Dollars have haven demand decreases as equity markets push higher.
We have a short set up for the USD/MXN as the dollars safe-haven demand is reduced as equity markets rebound higher. The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.
Here we look at two buy setups for AUD/USD & AUD/JPY We look at Australia's dependence on Iron Ore exports and Iron Ore's strong price correlation with AUD/USD. We look at how the AUD/USD & AUD/JPY strongly follow the S&P500 Stock Market index and why we have some interesting buying opportunities on dips when's stocks initially fall but then rebound. Join my...