Last night's FX futures post was right on in every currency covered, both single and pairs.
The single currency futures showed negative divergences in the Dollar index on both charts and positive on the Euro both charts as well as positive on the EUR/USD, not only did the EUR/USD head higher (Euro higher and USD lower), but even the USD/JPY was negative and it is heading down, the USD down and the Yen surging even though a BOJ meeting is imminent.
Speaking of surging, the EUR/USD surged overnight, but right now it is surging since the open in a parabolic way.
Take a look, it's pretty interesting as they were all in the exact opposite position last night and all had 3C signals that said each would reverse and they have and pretty big.
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
No comments:
Post a Comment