“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”
Monday, May 23, 2016
Currency Corner: Australian Roo (FXA), British Pound (FXB), Emerging Markets (CEW), European Euro (FXE), Swiss Franc (FXF), Chinese Yuan (CYB) and the U.S. Buck (UUP)
No commentary this evening for Currency Corner, but I will say that the strength in the U.S. Buck has really put a dent in the rise most currencies had been enjoying until recently. The Buck is a little oversold so the second waves will go in with a small retracement.