Again the same pattern of the last 4-days showed up overnight in Index futures...
NQ shows it somewhat...
TF shows it well, strength, even slight, is sold and of course ramped up again, I believe that may be on an FX move, EUR/USD? I'll check.
And ES in to the open.
Yes it was the EUR/USD sending the market higher earlier...
The pair was sent higher, in fact briefly above $1.30 on some German data, note how quickly it was sold.
Both Carry Pairs were weaker overnight as the Yen hit a new high for the week on that next leg up before pulling back so it does have the power to move the things that count, we'll just have to keep an eye on when it's ready to move again.
AUD/JPY sinking overnight-not good for the market....
EUR/JPY doing the same, this didn't help the Index pairs either, all because of the Yen.
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