Without getting in to overnight news, which hasn't changed too much from yesterday save for a Greek strike against the austerity vote yesterday and some more disappointing PMIs, it's about the election today and whether Wall St. is going to run the cycle or not.
The Euro has improved overnight as has ES and NQ futures, but interestingly the $AUD has improved quite a bit.
Here's ES in to the open, it doesn't look bad, it gained a bit from yesterday's close at 4 pm.
NASDAQ futures at the bell, also not bad looking.
EUR/USD at the open of FX trade this week with some overnight strength.
EUR/USD since the 4 pm close yesterday to the open this morning.
The $AUD is the really interesting move, I haven't had a chance to find out why, but this tends to be an excellent leading indicator for the market.
I have to re-set my virtual machine so I'll be offline for a few minutes, it shouldn't be a problem though.
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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