I'm not sure what's more amazing to me, the fact that ES has moved $.25 since yesterday's close as of now or the G7 statement on currency devaluations as if there were none on the horizon, but if any should pop up, they are diligently watching and committed to take bold action, when these are the leading debasers. The statement was so silly that I took a minute to decide whether to post it or not and decided not to as it is completely useless denial that has no impact on anything meaningful.
This statement sent the EUR/USD soaring, but the odd thing is now the pairs are falling just as fast, does the world understand silliness when it hears it?
EUR/USD soars over 100 pips on the G7 statement and now is fading the move.
EUR/JPY did the same...
And the USD is falling vs the Yen, which is seemingly confirming there is a currency war and someone is breaking it up, or doing something that optically gives that impression.
As for ES, it's not even worth printing except for the 3C chart,
ES above doesn't look that great pre-market, NQ below does look better.
However, it is the currency movement that will really matter, the fact it didn't hold and is slipping now is important and about the only important thing happening this morning.
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