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Georg
CapeTown, South Africa
Posts:
2
16 years ago
Apr 29, 2009 7:48
In Thread: EURAUD Looking Up
Hi Ashraf, one thing I find confusing is the strength of the South African Rand. The ZAR and AUD have been highly correlated against the USD over the last few years, but of late the ZAR has outperformed the AUD even though one would think the ZAR would be much more sensitive to risk aversion. Any thoughts on this?
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Georg
CapeTown, South Africa
Posts:
2
16 years ago
Apr 24, 2009 15:14
In Thread: USDCAD vs S&P500
Hi Ashraf, Oil has traced out a bullish looking cup and handle pattern while at the same time the USD index chart looks quite bearish to me. However, these patterns appear at odds with a selloff in stocks. Would you consider being long oil at this point?
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