Tuesday, May 4, 2010

5/4 Forex

An abbreviated forex posting. (Yes, I'm rushing to get to an appointment.)

There's only one new Person's Proprietary Signal phase change among the 16 currency pairs that I follow: A bear signal on the AUD/CAD pair, accompanied by a sharp price decline, with a lower pivot of C$0.9074.

That lack of euro pair signals, by the way, is proof if any were needed that the current state of the Greek debt crisis has long been priced into the markets.

(As noted earlier, media are blaming the indebted Greeks for the decline in stocks.)

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