Friday, June 14, 2013

Pretty Blah

Japan started ugly and rolled out of a nose dive, not much else of interest happened overnight, sure there were some things like China failing to withdraw liquidity from the system, the Syrian Chemical weapon situation, but nothing I see that is immediately effecting anything.

We had a higher PPI reading than expected in the US, I don't think that effects much.

Al of the Index Futures are trading in a tight lateral triangle, there's a look to them that they break to the upside early, but I don't think the USD.JPY holds out much longer so my guess is on balance, today is pretty blah.

We'll see soon enough.
 ES is an almost perfectly MADE triangle...

USD/JPY should be supporting risk, but it looks like the USD falls soon and the Yen rises intraday.


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