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.
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
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