Euro and Dow Trade off Reversal Threats, Yen and Franc Fear Reversal
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Uploaded by DailyFXNews on Jan 31, 2012
We are finding more and more evidence to support the risk that a reversal in underlying sentiment may be at hand. Starting with the stalled advance from an anemic equities drive last week; we are starting to see early retracements on equities, the fundamentally-troubled euro and high-risk carry currencies. Still absent is the conviction that supplies momentum in a market-wide risk deleveraging, but there are plenty of potential catalysts for traders to react to. Will we finally see a swell in 'risk off' and what would that mean for the intervention threats: the Japanese yen and Swiss franc?
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