Interest rate differentials have been driving FX.
Euro 111.50 is going to be a big inflection level going forward
Pay attention to the U.S. ten yr. vs. Bund for clues.
30 Yr. in a 4 point consolidation. 150.12 is the Monthly ORH stops.
You’ll see a couple of wiggles today.
The only thing that matters is tomorrows closes. |