The intraday strikes in FX have led the best way

Final week there have been a sequence of bounces and slumps in equities nevertheless it was notable that FX strikes got here forward of shares.

In the mean time, the S&P 500 is barely off the highs of the day whereas FX has fallen extra shortly. If the sample holds, it is a signal of extra fairness promoting to return.

AUD/USD is nearly as good an indicator of this as something in the mean time however word that it is making an attempt to carry intraday help at 0.7309. A break of that may very well be the tipping level.

The intraday moves in FX have led the way

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