The mystery of the S&P / non-Yen correlation / XAUUSD
Just filling time this am. Comparing overlays ...
Nikkei, Yen crosses etc, ... A question in at least a few minds (inc. mine) , why is the S&P that high? On the 10th or thereafter it de-couples from (more traditional Yen crosses) ... A little while the AUDJPY could account.
XAUUSD. Hmm. That's more like it. Some say gold is likely to go quite bearish soon (at least nearing a major top, if it hasn't done so already).
Note (pm): watching the two more or less move together, the XAUUSD/S&P, did a bit or scratching around on the overnight swap rates. Hmm. The gold backed S&P.
Nikkei, Yen crosses etc, ... A question in at least a few minds (inc. mine) , why is the S&P that high? On the 10th or thereafter it de-couples from (more traditional Yen crosses) ... A little while the AUDJPY could account.
XAUUSD. Hmm. That's more like it. Some say gold is likely to go quite bearish soon (at least nearing a major top, if it hasn't done so already).
Note (pm): watching the two more or less move together, the XAUUSD/S&P, did a bit or scratching around on the overnight swap rates. Hmm. The gold backed S&P.