Markets and “risk” assets under pressure across the board

April 9, 2012

FOREX, Global Macro

This is a really interesting post from the guys at MacroMon and markets are certainly getting that May feeling about them even though its only April. The Australian Dollar needs to hold above 1.0240 for it to bounce. A move below here looks like it is setting up a deeper move under parity. Respect the level till it breaks though folks.

Greg

http://www.twitter.com/gregorymckenna

Please remember these are not recommendations for you to trade these are my views and I have my risk management tools and risk parameters that you do not have access to. Thus, this blog is for information only and does not constitute advice. Neither Greg McKenna nor Lighthouse Securities has taken your personal circumstances, objectives or financial situation into account. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.

If however you do need advice on Investments, Economics, Funding and Liquidity, Interest Rates and Forex and Derivative markets we are happy to help.

Please Email the team at Lighthouse at info@lighthousesecurities.com.au or Greg directly on greg@lighthousesecurities.com.au ;

Global Macro Monitor

It’s gettin’ ugly out there again, folks.

(click here if chart is not observable)

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