Hey,
Anyone out there who has a 'fundamental' knowledge of fundamental analysis???
Let me tell you why I ask:
I have just noticed a few things 'out of the ordinary' taking place so far today:
- The Dow is getting a good 'spanking' today i.e. right now it is down 176 points YET the GBP is gaining ground (the GBP normally follows the Dow ESPECIALLY GBP/JPY).
- Oil is going to yet another record high and pulling Gold with it YET AUD/??? pairs are not gaining proportionately.
- The USD is gaining ground in spite of the rise in Oil.
- The USD, GBP, and EUR are all gaining against the NOK (the NOK normally follows Oil).
- The USD is up against the TRY (the TRY normally follows Oil).
- The USD, GBP, and EUR are all gaining against the ZAR (the ZAR normally follows Gold).
As you all know I'm no expert in fundamental analysis (as a matter of fact I 'suck at it' BIG TIME) SO: are these 'divergences' indicative of anything or is what I'm seeing just 'wishful thinking' on my part ala AUD/NZD???
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