It’s a risk on risk off world…Today my focus is on the Aussie and Canada Dollars

The Aussie just broke 98

The Canada hold # is 102.80 ( app 97.15 DEC Futures)

These are closing levels.

The peripheral currencies like the Brazilian Real and the South African Rand are moving

with the Canada and Aussie today.

A close below these levels for the currencies would be price negative the entire board..

This will be the first indication that the party is over in a wide ranging basket of assets

Stocks, metals,commodities in general would then be vulnerable for some substantial profit taking.