This is the ridiculous nature of markets - sometimes they just don't think for themselves and instead they act like sheep and follow another market, no matter where it goes. In this instance, the stock market here in the USA, together with the EuroCurrency (as measured by the FXE etf) and the Australian Dollar (as measured by the FXA etf) are moving in tandem with each other for the past few weeks.
This chart is an hourly chart - just click on "make in mine" and you can see it update live.
Cheers.
Tim 2:50PM EST, Thu, May 10, 2012
To help with sorting for ideas, I'll add AUDUSD, and EURUSD, and ^GSPC to this commentary
Comments
timwest
⋅
The performance is still virtually identical for these three markets...