We have been following the AUD as an indicator of coming divergences in US markets, specifically that the correlation between the S&P and the AUD breaks.
Last night the Chinese GDP report caused a spike in the AUD. The report was in line with expectations, which suggests the AUD was a bit oversold.
Technically the AUD is in a triangle, and so is the S&P. We are expecting a downtick shortly, perhaps into the election, to be followed by a sharp rally.
In the S&P it could touch the 1550 area, a triple top back to 2000 and 2007. In the AUD it could breach $1.10.
The Euro is also at an appaent cusp point. Right now the Forex side of EWI is running a free week in case you wish to click through and learn more. Here is a taste of their perspective in this video about the AUD's triangle.
I precisely wished to thank you very much once again. I do not know the things that I might have followed without the actual smart ideas revealed by you concerning such a industry. Previously it was an absolute alarming problem in my circumstances, however , looking at the very well-written style you resolved it made me to leap with joy. Extremely happier for this advice as well as expect you find out what a great job your are accomplishing training most people thru your websites. I'm certain you've never come across all of us.
Posted by: billige canada goose | Tuesday, October 30, 2012 at 07:46 AM
Our pie wedges were separated, rotated, then brought back together to create a new whole.
Posted by: logo work gloves | Wednesday, November 07, 2012 at 05:30 PM
Younger unemployed professionals are being targeted by self-employment scams. Learn how to avoid them, and don't fall into this trap.
Posted by: jobs in sydney | Thursday, November 08, 2012 at 07:01 PM