If you've looked at the Russell 2000 futures overnight then you know it was one of the rougher, choppier sessions and it looks to gap down across the board. The 1 min 3C charts aren't trending so they don't tell us much, but the longer charts are and they, especially 5 min charts look pretty bad as I showed you on the release of Chinese data, with the Shanghai Composite being saved from a red close by a PBoC rumor.
In other futures, perhaps the night was choppy because the AUD did in fact fall.
AUD overnight
I still would expect the gap to be filled and those limit orders at least to be hit, but we'll see around 10:30 when the charts start catching up top the averages.
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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