Overnight may get interesting, we have after market Lockhart speaking after market again, he was hawkish, some think his comments got the market moving down Monday, I think they may have helped.
However in addition to that, I think what is most interesting right now is the Yen, as far as the price pattern, the divergences, it looks like it's right at the pivot where it would turn up which would likely occur through the night and that would likely effect the carry crosses through the night, which may end up giving us a gap down tomorrow morning.
I'll get those Yen charts up, but there's a very nice consistiency in them even since yesterday, but especially through today.
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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