This is an oddity, I fully expected ES overnight would drive a gap up this morning, but I expected some EU rumor to do it, thereby driving EUR/USD higher as well, apparently that didn't happen so it appears it was just pure technical manipulation.
ES overnight from yesterday's close
EUR/USD overnight from yesterday's close
That explains why these dollar linked assets are underperforming...
Copper
Commodities in general
GLD
USO
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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