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Equities Continue Appreciation with Dollar and Yen Weakness

Posted on April 2, 2009 at 11:02 in Commentary, Market Analysis by Tim Salem

Greetings once again, Everyone!

Now that the ECB Data Points and Rhetoric are “digested” into today’s Market Activities… we move on to another visit with Price Behavior Developments with The Queen, GPB/USD, and Her Subject, Aussie… AUD/USD.

We have seen marked movement with both Units… even since our “introductory” Post a few hours back.

Here are the Hourly Views of both again, so give them a Click for Commentary and “potential” Corrective Areas.

Post-Time is 16:00 GMT.

Please be Mindful of any additional “Rhetoric” coming out of the G20 Meeting today… including the IMF Content and the Mark-to-Market situation on the NewsWires as well as any Voting with the “new” U.S. Budget going to The House of Congress.

Volatility may certainly continue… as we prepare for “Another Round” of Institutional Re-Positioning ahead of the NFP Data Points tomorrow!

Of course… I will be with you at the Asian-Pacific Sector to check on any developments that may transpire in the Interim.

Tags: AUD/USD, Budget, Dow Jones, equity, G20, GBP/USD, indices, Mark-to-Market, NYSE, rhetoric

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