It's a pretty slow day so the machines are just running legacy arbitrage algos.
SPY in green vs the Euro in red, an obvious correlation.
However I don't think the Euro is going to hold too much longer here, probably through the NY close, but I suspect it dips with ES in after hours.
Longer term, the Euro looks to be topping out after it has made its run to $1.30+
Pretty much a boring day.
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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