Commodities And EMFX – The Big Breakdown
I wanted to quickly share these two charts as I think they are really important and it's something I've been speaking with clients about a lot in recent weeks and months. The charts come from the weekly Global Cross Asset Market Monitor (get in touch for details), and simply put - they show a complete breakdown in market breadth for both emerging market currencies and global commodity prices. What's interesting from a tactical standpoint is how EMFX has broken down (for good reason, as I flagged in . . .
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