Even with Initial Claims beating (not a surprise there in an election year), ES recovered well after overnight lows below $1400 to defend the area once again, EUR/USD never got down close enough to have to defend $1.29.
EUR/USD since yesterday's 4 pm EDT close
ES fell around 9 pm last night to lows and recovered from there, as you can see 8:30 IC didn't give that much of a boost.
I don't have 3C on the chart because I have conflicting signals with ES futures looking like they will pull back in to the open and NASDAQ futures confirmed or in line with the trend.
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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