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Surfing with The Pacifics: AUD/USD and AUD/JPY

Posted on May 12, 2009 at 9:07 in Commentary, Market Analysis by Tim Salem

 

Greetings once again, Everyone!

The Equity Desks in New York open with slight Bullish Momentum on the back of U.S. Trade Balance figures, as the Dollar/Equity Correlation is “Inverse” for now in the Immediate-Term.

( This has since Reversed with the Equities as Profit-Taking comes in early right at the Open… taking the Yen Crosses and Yen Strength with it…)

More Dollar Weakness is expected on the larger Macro-Level moving forward… as the Year-Long Paradigm Shift with Dollar and Yen Strength may come to a Close soon… as the “Fire Sale” in Equities with a De-Valued Dollar, hence making your Stock Price for RIM or Google or the CVJ Company look attractive!

( Avoid the CVJ Company… with those “Genius Anarchists” CVJ Guys in charge…. It is a Dog Stock… hee hee…      ;-)

Seriously, Everyone…  here is the Aussie Dollar and Aussie Yen to illustrate where we may move forward today… since Equities may look for Reversals and conversely… most Majors may see Dollar Strength today in a Corrective Fashion in the very Near Immediate-Term.

Here is the Hourly Aussie and Daily Aussie Yen… so We may see the current Corrections favor  Bullish Views for Attractive Price Action.

Give the Captures a Click for Brief Commentary, and Post-Time is 14:00 GMT.

 

 

 

 

 

 

 

 

 

As always… more Updates on the way for you!… as most Units look to work with the Equity Correlations so far in the U.S. Session!

:-)

 

 

 

Tags: AUD/JPY, AUD/USD, correlation, Dow, equities, Index, interest rate, reversal, S&P 500, stocks, strength, weakness

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