This correlation isn't as strong as it was a week ago, but the FXE/Euro moving higher, should take the market higher and there's a slight positive divergence.
The 5 min chart below is in line. Any parabolic move higher and I would like to take some profit in to that as they often reverse n the short term.
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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