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Greetings, Everyone and Welcome to Sunday!
Writing-Time is a bit late at 10:45 A.M. ( 17:45 GMT ), as the Swimming Pool called my name… since it is 139, 632 Degrees in Phoenix already… ;-)
With working in our Climate the last few weeks of Risk Aversion moving to Appetite and back again… Macro-Market Swings still look towards Depreciating Corrections in The Indices.
This will have a direct reflection on the Dollar and Yen Strength as we open the Week, and especially as the Asian-Pacific Sector Exchanges and Indices either pick-up on the Dow and NYSE Close of Friday, or Negates it by using Its own Data and Momentum moving into Monday.
If the subtle Risk-Aversion continues, we can look for the Dow and S& P 500 Indices to fall and here they are on their Dailies for a little Illustration.
It will be interesting to see if we open across the Currency Markets with Gaps, as Institutional Block Orders with “Across-the-Board” Shorts would not be surprising to me, personally…
Have a fine rest of the Day, and I will join you after the Sydney Open to see where we are!forex signal system trading
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