in the current risk-on environment amid all the another QE talks and LTROs, stock mkts have exhibited much confidence to a point where the short term historical vols (options) has came off to a significant low of below 10 and less than 50% of long term vols... All financial mkts are mean reverting and what goes up must come down before gaining momentum up again. These coincided with both STI and DJI formming a hammer albeit a very weak one.
Just be careful with the stock markets in the next few days... Likewise if you like high yielding currencies such as the Aud dollars. just be careful. Risk-off may be coming soon...Lets hope that nothing negative will happen in the next few days.....
Just be careful with the stock markets in the next few days... Likewise if you like high yielding currencies such as the Aud dollars. just be careful. Risk-off may be coming soon...Lets hope that nothing negative will happen in the next few days.....
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