Currencies and Bonds Indicate a Bounce May Be Near
MINYANVILLE ORIGINAL For weeks now the key risk gauges in the currency and fixed income markets have been telling this analyst that preserving capital was the right move.  Well while we may still be in a “sell the rips” mode on an intermediate-term basis the short-term may bring us a tradable rally (for those happy with a few percent on a trade) in risk assets once certain support levels are reached. EURUSD nearing short-term support. The euro / US dollar (EURUSD) currency cross is now nearing its potential wave (((iii))) support levels at 1.26289 and 1.25419 (the 138.2% and ...
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