When you see selling in the high flyers such as the Australian Dollar as well the “bullet proof” New Zealand Dollar – you know something is going down.
These “higher yielding” currencies generally hang on to the very last moment til risk is “fully unwound” and shit hits the fan.
I’ve got “weekly swing high” in NZD as well continued weakness in AUD.
Anyone looking through a microscope at “the tiny world of U.S Equities” needs to step back about a quarter-mile or so.
The big ship takes weeks if not months to turn, and when she turns “wow – does she turn!”
I can only assume ( now ) every stock trader on the planet will soon start watching currency markets / global shifts after seeing the Nikkei top out weeks ago and now this with the continued JPY strength, soon to be USD “rocket ship” – and the waterfall in risk that soon draws near.
It’s all there in the currency market – LONG before you bozo’s see it.
(not you guys………the “other” guys.)