Theme of the Day so far: GBP weakness...GBP/USD, GBP/CHF, GBP/JPY leading the % losers (respectively). Almost nothing is weaker than GBP..not the dollar, yen, swissie, etc.
Pockets of dollar strength: USD/ZAR, USD/CAD, USD/TRY are at the top of the % gainers today.
Head & Shoulders pattern on GBP/USD has that pair still falling. Lots of U.K. banking concerns resurfacing out there again.
Stocks finished yesterday with a doji on many of the indices and the lighter and lighter volume continues. This means a huge correction in stocks could be coming soon. (Volume should expand in the direction of the trend for a healthy sustainable trend). So, it could really affect the high yielding currencies, especially the carry trades when this happens. Stocks are also very stretched from their 200 day SMAs as well.
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