In looking at this chart of FXE (Euro ETF), I have to wonder whether the Spanish downgrade was leaked to FX traders and Wall Street. If so, that gives a whole new meaning to the strong 3C negative divergences in the DIA and IWM today.
The 3C trend was largely lateral and listless before today when it went clearly leading negative. With divergences this clear and out of recent character, I don't put much faith in coincidence.
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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