A.M. Look 7/29/21

China steps in last night to add liquidity.

Yuan and names rallied and so did the related Yuan commodity trades.

Gold…December (Z) is front month, trading app + $5 over August.

Yuan…6.4609 is the weekly ORL.
Yuan has elected its weekly ORH buy stops. Monitor for commodity follow through.

The rest of the dollar moves seemed to be just squaring.

The board tells me that the Fed will do nothing anytime soon or possibly soon after.

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