UUP showing some initial signs of a negative divergence here.
The Euro showing some positive signs, the Euro accounts for 50% of the Dollar Index.
Meanwhile, Japan's Currency intervention s losing some ground. The Yen was widely expected to stabilize around 79.
While the Yen is in the 79 target zone, it's been gaining downside momentum, but Japan has a long history of failed interventions.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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