Equity markets still the key
US stockmarkets are threatening to put in a major top and return to their bearish ways and this is the major factor influencing FX markets. Risk aversion is the trade again and if you wish to play the stockmarket on the FX market, then AUD/JPY is probably your best bet. It roared up when stockmarkets found a base last year and if equities really turn now, then the AUD/JPY will probably turn sharply lower as well.

AUTOREFRESH 













thing that scares me about all this is all it takes is one influential guy to say one thing and suddenly everything is ok again and it all goes flying straight back up. having said that, its possible like last year that trends for the first 6 months of the year may be setting up, only down instead of up this time, so now would be a good time to get in before its too late. hmmmm