Risk… off

Posted by Joseph Cotterillon Jun 15 18:51.

EURUSD below its 100-day moving average (you can guess why):

RTRS-EURO POSTS BIGGEST PERCENTAGE DECLINE VS DOLLAR SINCE AUGUST, 2010

On the flip side, there’s a real plunge in oil on the strengthening dollar.

US crude down $5 over the day to under $95 and below its 150-day moving average:

And in case that wasn’t enough, the 10-yr US Treasury yield is back under 3 per cent, the Dow is off 1.5 per cent to well under 11,900, and the S&P is following suit, down 1.74 per cent at 1,265.

Risk. Off.

Related link:
Commodity sell-off 2011: Is this it? – FT Alphaville (May 2011)

This entry was posted by Joseph Cotterill on Wednesday, June 15th, 2011 at 18:51 and is filed under Capital markets, Commodities. Tagged with , , , .

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