So far opening trade in futures and FX is not earth-shatteringly exciting and as always, there's a lot that can happen overnight with Europe opening in several hours, the US pre-market and of course the big momentum move on the US open, but so far this is what the markets look like...
ES (S&P mini Futures) are down about 5.5 points from Friday's close thus far with a negative intraday/overnight divergence forming so far.
The EUR/USD showing last weekend's open and today's open, still just below the psychologically important $1.30 level.
A closer view of the pair, with a slight gap down and a bit below Friday's close.
All in all, not much to get too excited about yet, but we still have a long overnight session.
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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