A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings Again to a New Week, Everyone!
We begin the Week with the “continued” Onslaught of various Global Data Points moving forward today… as we also prepare for the Financial Institution Stress Tests Results as well. Of Note will be the PMI out of Germany and Switzerland, as well as the early Australia Housing Data beginning at 1:30 GMT… and then the U.S. Construction Spending and Pending Home Sales.
Interesting Observations will come our way and “Set The Tone” of the Day when the Asian-Pacific and Euro Markets “bleed” into the NYSE Open… as any continued Buoyancy will favor the Bulls concerning the Majors and the Yen Crosses, as the Dollar and Yen continue to gradually “Retreat” in their Safe-Haven Status.
While we usually see the Euro and the Swissy “Correlate”… meaning the will maintain their “Normal” Inverse Directional Behavior… it now appears that the Two Units may “Non-Correlate” in that sense and run “In Unison” with Appreciation on both Pairs.
Of course, on an IntraDay basis we see these two winding “In and Out” of each other quite often… it is normal to see on the Macro-Levels the Euro rising and the Swissy falling… and Vice -Versa.
In this case… PMI Data may play a Role here coming out of both Entities.
Here are the Daily Views of both Units, so give the Captures a Click for Commentary.
We will drill down to the Hourlies for the next Update, as the Asian Session progresses, and London Overlap kicks in a little later…
Post-Time is 3:10 GMT.
Please join me at 7:00 GMT for the “Currency Majors Technical Perspective” to get the Week and the European Session rolling along, and of course… we will have a bit more Clarity with these Two Pairs as well !
