Market Update

After so many days of no movement EUR seems to have dropped lower
May be we have seen a EUR peak of some kind

GBP has been very weak recently

DXY looks to have broken out of the flat trading band
We may be witnessing the start of a DXY rally
Sentiment is bearish and has reached an extreme

AUD has declined meaningfully.
Looks like USD is getting stronger

CHF finally broke- USD strong again
We are seeing RISK OFF

Silver is now at March end levels
THIS IS A CLASSIC CASE OF 
UP AN ESCALATOR AND DOWN AN ELEVATOR

Gis down too but has held up well VS Silver

Oil has seen a steep fall
Did not touch 120
My call was a 120 peak oil - I said this last year

Palladium has been weak as well

Platinum has seen a steep fall to


So commodities and non USD Fx have fallen sync.
This is a sign of a trend reversal 
Equities to follow thru soon I guess - wait for summer