There haven't been any real substantial changes overnight except in a disappointing Chinese Manufacturing PMI print and some in Berlusconi's party are threatening to quit unless he takes a softer stance which has sent the Euro back above Friday's closing levels as it gapped down hard last night (how quickly things change).
The $USD lost more ground overnight, but it does have an interesting 15 min positive reading. The Yen is stronger since last night, but 3C looks a little toppy there.
Both the 10 and 30 year Treasury futures that gapped up last night, as I suspected, are both back down to Friday's closing level, giving up the entire gap up open for the new week.
As for Index futures, it's still the IWM looking most interesting.
ES 15 min is pretty much in line
NQ 15 min gained ground in 3C overnight
As did TF Futures
Even the 1 min TF futures are growing more positive.
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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