Hello All,

Year 2014 started with pull back in markets. Markets which are seen as benchmark for risk trends, i.e. S&P 500, Nekkei 225, etc. However, this week S&P 500 didn't miss to get back to record new highs. This still shows that the level of complacency and confidence on the growing rally of these risky markets, are remarkable. Nonetheless, that does not mean that " Risk Off " theme has disappeared completely. In fact, i sense, it is growing bigger and bigger quietly in the back drop.

Now, when the 'Risk Off' theme takes over ( does not necessarily mean that it will happen imminently); what will be the performances of the major currencies? Below I've depicted what i personally feel about the performances of selected few currencies individually.



Above chart is not artistic at all. However, i presume it does justify the message I am trying to convey through this blog..

Enjoy and good luck trading!

...Anil.
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