YEN, CHF still at lows.
Lots and lots of money moving.
When they rally other things will take off.
Everyone wanted the USD to stop dropping. Just happened.
AUDUSD up 20 pips AUDJPY up 200 pips
EURUSD down 100 pips EURJPY up 120 pips
To me it says a lot of money just got spread over the world.
Money at low interest. USD getting stronger in readiness for buying.
eg borrow yen and now need to buy USD to invest in US and everywhere.
amazing to watch and try to understand.
Money going from EUR to USD
Still they drop. It going to be big I believe.
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Shanthar Pathmanathan, MD
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