We all know that the market follows a strong Euro or weak dollar-they are one in the same, but look at this performance.
The Euro since the open, the last FX hart showed a lot more Euro upside which gave us the market gap.
However, while the Euro has been trending higher since the market opened (red box on the FX hart), the SPY has been in a trading range of 3/10s of 1% for most of the day thus far.
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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