I pointed one of these out yesterday in the market, today there's one in USO.
USO (green) vs FXE/Euro (red) 15 min chart
Here's the same on a 30 min chart.
USO is relatively flat and actually heading down a bit right now, The Euro went on to make a higher high, which means the dollar is lower. Being crude is priced in $USD, the price of crude should have adjusted upward for the decreased value of the dollar, but it didn't.
Really, keep an eye on USO, there may be an opportunity there.
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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