Intraday both the USD and JPY have shifted and look like the pair will either consolidate or pullback here. The signals in the single currency futures are moving pretty fast, I think the last update I did was 30 mins ago and they already look different.
I'll let you know if anything changes beyond that as this is probably the most important driver of risk, but that doesn't mean it's the only clue out there, for instance credit acting the way it is today is very strange, this isn't an asset retail trades, it's an asset known to be the choice for risk on moves by smart money. HY is moving up, HYG is up +.20
There are a lot of other signals out there, but those two REALLY stand out.
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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