John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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Davy Crockett

roguedolphin

To: John Pitera who wrote (18093)	4/5/2016 12:37:16 PM
From: John Pitera	2 Recommendations Read Replies (1) of 33421

USD appears to be set up for a rally. Central banks in Australia and a few other commodity countries fret about larger rally in their currencies.. AUD up from 68.24 to 77.28 since late Jan. the USD/CAD has moved from it has overshot in each direction recently... this reinforces El-Erian's thesis that volatility is increasing in the risk asset markets. USD will rally against CAD as we have a double momentum divergence... a reversion to the mean and as crude has been heading back down in price. John

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