Tuesday, December 15, 2009

Forex trends

EURO , CHF are sticking to their daily trend. GBP keeps trying to undergo a correction to its daily averages unsuccessfully. JPY is following its 4 hourly trend against the daily trend.
The stock markets- EURO correlation seems to be keeping up but not neatly. Stocks have started correcting today, while EURO set it in motion few days ago. Will be intersting to see how GBP evolves. If it starts a correction it could be a violent one.  Wait and see.