We are getting similar action in the EUR/USD.
FXE (Euro) 1 min
FXE 5 min hasn't moved yet, we want to see confirmation.
However the 15 min is positive.
The inverse is the $USD/UUP and the 1 min is negative-so we have confirmation there.
The 5 min hasn't moved yet, like the Euro.
And the 15 min is negative, so we have confirmation there.
Now that we are starting to move out of morning trade, the signals should get more serious.
Is interest rates about to start going up?
-
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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