Currencies: ­­­­ 05Apr Haven’t we seen this before? European debt woes roil the FX, Equities, and sovereign debt markets as capital flows to safety. The USD benefits as the Euro suffers.
Countries without serious debt problems are performing much better as the flight to safety chiefly shows up as negative action in those major economies hat have debt woes; namely Europe and the UK.

Aussie: 05Apr Despite today’s positive action, the bias remains clearly and firmly negative. Today’s action classifies as an inside day, which speaks of consolidation. On a longer-term view, there are some signs of a gently bottoming in the negative Momentum. Stay tuned.
Action should be noticeably light as The Easter and Passover Holidays commence.
Seasonal Snapshot: The 5-year pattern is in a sustained rising seasonal trend until April 17th. It then trends generally higher until April 30th but with more day-to-day choppiness. The 15-year pattern is in a rising trend until May 4th with a 2 day downtrend from April 12-14th. The 30–Year pattern is in the same sustained rising trend bias until April 12th.