AUD,NZD/JPY crosses

Goldman Sachs leading indicator turns positive

Not that anybody is paying much attention to anything at the moment, but maybe Europe might pay more attention. This indicator measures readings on 7 leading global indicators and has turned positive for the first time in 11 months; this could be risk-positive.

  1. Sean, this is very interesting, is there a link (more info) about these 7 indicators? What are they? By the way, you turned out absolutely right about the first move on Monday – in Asia, euro declined, then it climbed during the whole week practically 🙂 and the week isn’t over yet!

  2. Hi Sean, did you enter the EUR/CHF yesterday on your friends advice? If you did are you close enough to clip him over the head.

  3. Hi Nachiket, this was from my opening comments “Cable fell heavily after the market ran into heavy offers from US corporates above 1.6170. Stronger than expected retail sales, coming on the back of better jobs data, gave the GBP bulls some impetus in early European trade but this was reversed sharply in NY trade. Short-covering dip-buyers in EUR/GBP near .8110 were extremely solid and this pair looks set to test technical resistance levels at .8155 (see chart) and ultimately .8220. In fact this EUR/GBP up-trend has been one of the more resilient this week.

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