Commodity Currencies Hold Up Despite Risk-Off Flow

The most interesting aspect about price action in financial markets this week, if we’re not talking about the massive resurgence in demand for Bitcoin (BITCOMP), is the ongoing bid in risk correlated currencies like Aussie, Kiwi and CAD, despite profit taking in equities markets. We've also highlighted the recent breakout in the price of gold with the pushback above 1400 believed to be a bigger sign of distress in global markets and a possible foreshadowing of a long overdue capitulation in the stock market. 



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David A Romero 6 years ago Member's comment

Good, quick report.