I'll follow this up with charts, but market tone since the "Early Indications" post has deteriorated even more and is now looking unambigously ugly.
I'll also have some information on a new Goldman piece as to why the ECB may want a Greek default and how that would effect the EUR/USD, an FX pair I've been expecting (via 3C signals) to see downside, I'll include some of the charts I just went through (I went through all of the major futures we generally cover including $USDX and Euro futures) that are showing a pretty clear negative divergence for the EUR/USD bigger picture, which may be a sign of Greek default.
I'll also cover any potential trade set ups the current movement and the expected movement might create.
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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