A.M. Look 8/1/23

RBA put rates on hold resulting in a good bid to the dollar.

Yra explained the $40 dollar forward in Gold with some back of the envelope math yesterday.

Interest rate differentials are moving FX.

Nasd will need to close over 15,911 for another rally.
Nasd/Bonds is lining up with the level.

Yen continues to weaken against the Yuan and Euro.

Break out your graph paper and sharpen your pencils. It will be technical trading this month.

Your job is to make money, not be right. Making money makes you right.

Leave the fundamentals to all those who incorrectly predicted the past 6 months by telling you where the market was supposed to be.

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