Just reading an interesting piece of research from Deutsche Bank which shows that the AUD/USD has rallied from 1.0213 on Friday July 6th to 1.0470 this morning yet in that period, it’s fallen by a cumulative 365 pips on Mondays. Additionally the Dow Jones index has fallen on 14 of the last 15 Mondays. Perhaps I’ll have to switch my mantra from risk-off Fridays to risk-off Mondays!
