Overnight it's been relatively low volume, relatively flat with a little chop (like the S. Florida surf report).
The only thing of interest right now seems to be the AUD/JPY which was up overnight, but didn't do much and I think it is set to start leveling off and coming back down a bit.
ES flat through the overnight session
The AUD/JPY was up overnight...
The $AUD looks like it will bring the pair lower shortly as the pair has been the driver of market risk.
We may see some movement in what are rather light economic reports: Consumer Price Index @ 8:30, Industrial Production @ 9:15 and the Housing Market Index @ 10 a.m. with Esther George speaking in front of Bernie (tomorrow) at 2:15.
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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