Looking at the Leading Indicators I found what's moving the market other than some lever pulling, it is exactly a I have thought and been saying, the Yen has increasingly more important, look at FXY and when it broke below it's range and compare to the SPY and when it broke above it's range, the exact same moment, the Yen is now more important than the Euro, the $AUD, even the $USD at this point.
I'll show you as soon as I finish the post.
This makes the Yen really worth watching for market clues intraday.
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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