Huge volume in AUD etf- FXA. what does it mean for ES and Oil?

O

OTCkrak

It seems there is always a new ETF in vogue and on thursday the one that tracks the Australian dollar had some huge volume while CL and ES approached 52 week highs.

the issue im having is that I am looking for a significant pullback in SPX to the 1215 area but I dont think its possible with Oil and AUD surging like this???

CurrencyShares Australian Dollar Trust (Public, NYSE:FXA) increased 0.44%, to close at $100.78 and its overall traded volume was 778,800.00 shares during the last session against its average volume of 167,168.00. FXA opened the day at $100.42, it made an intraday low of $100.42 and an intraday high of $101.00. The stock has a 52 week low of $81.09 and 52 week high of $101.83. FXA’s market capitalization is 704.83M and it has 6.99M outstanding shares.
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