AUDUSD, USDJPY & AUDJPY cross:
In one of our previous statements and market outlook; is that the
mighty US Dollar decline status of being competitive among its peers
could only benefit US valuation of major companies and their earnings
report as we have seen from the past.
The US economy being at a turtle's pace
have continued to absorb the overall declining value of its currency,
while the stock market's performance has been overwhelmingly finding
thier marks on the high. From the time, that Janet Yellens comments have
given a good lift for the USD, and from there on the 'Top Heavy USD'
have fizzled out inspite of having tried a comeback rally which failed
to prove to be short-lived. And the recent jobs data were no help at all
due to the underlying weakness defined within the report.
Price Action & Market Behavior
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