SPX500 on cross-roads, Shorting Yen be a blunder @ such levels
Negative RSI divergence is hinting a possible deeper correction for SPX500 -0.05% .
SPX500 -0.05% vulnerable for a deeper correction. Yen will gain like rocket if SPX500 -0.05% sell-off occurs.
We should be cautious going long on risk geared currencies like AUD OR NZD in such conditions.Moody's downgrade on chines is another development in same direction.
OPEC meeting tomorrow for further extension, OIL 0.17% gains equities gain, OIL 0.17% falls equities fall.
Investors will run for risk-heavens (JPY, EUR, CHF) and anti-risk assets ( GOld -0.02% ) classes.
Wait for market sentiment to take a clear direction
SPX500 -0.05% vulnerable for a deeper correction. Yen will gain like rocket if SPX500 -0.05% sell-off occurs.
We should be cautious going long on risk geared currencies like AUD OR NZD in such conditions.Moody's downgrade on chines is another development in same direction.
OPEC meeting tomorrow for further extension, OIL 0.17% gains equities gain, OIL 0.17% falls equities fall.
Investors will run for risk-heavens (JPY, EUR, CHF) and anti-risk assets ( GOld -0.02% ) classes.
Wait for market sentiment to take a clear direction