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Our Old Friend, Risk Aversion, Returns For A Visit!

Posted on May 14, 2009 at 2:27 in Commentary, Market Analysis by Tim Salem

 

Greetings, Everyone and Welcome to Thursday!

Wednesday surely saw The Return ( or for many Currency Units IntraDay… A Continuation… ) of Risk Aversion, as Corrections hit the Global and U.S. Equity Desks and Indices,  and simply continued Correlative behavior by “Bleeding Out” to most Majors and the Yen Crosses.

 

“CVJ!… Your Two “Safe-Haven Friends”,  The Dollar and The Yen, HAVE NOT left The Building!”, the CVJ Fan Club Guys say.

 

Hmmm… an actual Observation from the Protest Boys… Amazing!     ;-)

 

( I hear if Barca Football Club loses the Match… The Guys are going to go to Barcelona to set up a  Protest with Francesc, Marina, Noemi, Maud, and all of the FXstreet Gang!… hee hee hee…     :-)

(An Update, Everyone!… Marina informs me that The Barca Won!!!… So Congratulations to Barcelona!… )

 

In all Seriousness… Let’s get right to the Four Units we spoke of in our earlier Post, so here are the Captures of the Dow, S&P 500, Gold, and Crude Oil.

And… After All…This IS a Blog concerning Currency Trading, right?…  So let’s pull the Fiber, and see where we are on the Hourly View in relation to Dollar Weakness.

 

“That’s right, CVJ!… Give us Currencies, Man! You and your Inter-Market Analysis!… We may have to Protest YOU!”

:-)

 

Give the Captures a Click for Commentary, and Post-Time is 7:30 GMT.

 

 

 

 

 

…And for The CVJ Guys… The Euro !        ;-)

 

 

 

 

The “Currency Majors Technical Perspective” Report is now Published for some IntraDay Detail on the Majors, so please feel free to give it a look as we look for Corrections moving forward right now from the Asian-Pacific Sector into London and Europe!

:-)

 

 

 

Tags: channel, consolidation, correction, crude, Dow, energy, gold, oil, resistance, risk appetite, Risk Aversion, S&P 500, strength, support, trendline, weakness

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