AUDUSD and Risk Trends Ready to Collapse Under Risk
The EURUSD has led the way for a risk aversion move with its own fundamental troubles. That said, we have seen too many individual moves falter and fall back into line with the dominate theme. This time around, though, the underlying current may be catalyzed by the divergent threat. A building Euro-area financial crisis is coming amidst growth, earnings and volatility concerns. We are pitting a big-ticket catalyst against a building wave of investor fear. These are the right conditions for a big shift and the development of a trend that can carry follow through. How long can the optimists hold back the tide?
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