Just another risk-off Monday: AUD drifts lower as S&P futures fall

I believe that something like 14 out of the last 15 Monday’s have been risk-off and today is shaping like it will be no exception. S&P Dec futures have broken support levels under heavy turnover and the AUD/USD has broken below support levels from last Thursday. Bids are reported at 1.0180 and below that is technical support at a recent daily low near 1.0145.

  1. we are still in risk on mode. dollar index still looks supressed. look at the markets other than US. all still rallying. US is probably pricing in a romney win

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