I'll follow up with a more in depth update, but the action in the $USD suggests a move higher in case any one wants to play it, you might consider a stop below today's intraday lows.
There's more to it then a simple divergence between USO and the dollar highlighted here with the Euro which is 50% of the $USD Index.
The dollar sliding is also seen here intraday using UUP, this should be helpful to most risk assets intraday. I may look at a quick position for the model portfolio buying calls.
Follow up coming.
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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