Greetings Again!
The “Blood in the Streets” Analogy surely fits the beginning of our week here, with the EuroZone’s lack of Policy Confidence really bleeding out from the Eastern European concerns all the way east to the Asian and Pacific Sectors.
As most of you know… I am not a Fundamentalist or and Economist… so we will not address these areas heavily.
As an artist and composer, though… my Analogy would be of the Post-War period in Painting and Music… where we have the Indeterminacy of the Music of John Cage… and the intuitive spontaneous massive Paintings of the Abstract Expressionists.
“Don’t be all High-and-Mighty Cultural with them, CVJ!… Just tell them everyone in every government is basically improvising everything with no idea of outcome… maybe they have been around the Turpentine and Oil Paint too long!”, the CVJ Fan Club Guys say…
“A fine Analogy of your own, Boys!”, I say… hee hee…
Seriously, the weight of Fear and Uncertainty is still surely in our global climate… as we continue to see an massive chasm and disconnect between what is discussed and put in place… and what actually comes into action.
A visit with the Aussie again from our last Post and a look at Dollar Yen illustrates this “directionless hovering” nicely.
Here is the AUD/USD Hourly and the USD/JPY 4-Hour Views.
Give them a Click, and Post-Time is 13:15 GMT.
I will be back later in our day for an Update after the U.S. PCE Inflationary Data Points and the rest of today’s Releases… and we will see how they “digest” in the Markets.
This will lead us into our RBA Rate Decision, and we will come “full circle” with the Aussie Dollar and see where those Triangle Formations come back into play… if at all.
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