Stocks...
DAX…has been running the board since the European open.
BUD…sustained price action over 128.35 keeps this firm.
Bonds...
30 yr….most systems have been forced rolled to the March (H) contract which trades @ 1-1/2 point discount to the Dec contract.
Be aware of what chart you’re looking at as the charting services just accept the data from the exchanges and show them in the chart.
FX…
Swiss Franc…97.78 Futures (102.27 USD/CHF) is a low risk sell level the first time up. 100.75 is the yearly ORL # and macro low risk sell zone.
Of all the Dollars this is just starting to set up for a corrective phase following the 1985 Plaza Accord retraces.
Commodities…
Oil…needs over 42.40 to rally anywhere.
Gold…the volume is still in Dec gold by 3/1 although many systems will not accept a stop since the contract is deliverable.
General Comments or Valuable Insight.
Today is month end with all the that it entails.
All that remains is to see how far the Dollar (DXE) and the Dax get pushed going into today’s London’s close. Then we’ll see the same game played out going into the New York close. Time Frame Trading….
The overnight trade saw several round trips in the Dollar in very tight ranges off small reactions to the DAX.
Spu’s bottomed just after the European opening when buyers came for European Equities.
The calendar is full this week with a couple of Yellen speeches, ECB Thursday A.M. ending with unemployment on Friday.
Swiss Franc
