Midday Missive

EUR/JPY...next stop 134.14 with macro sell stops below.
Investors sold the news and the rally in U.S. Equity Indices.
For now I’d say the worst is over. The resting sell stops are below yesterday’s lows in the Spu’s & Nasd 100
2005.50 Spu….4139 Nasd 100.
EWP…put in an ORH day yesterday and is holding for now as long as it maintains price action above 33.40.
EWG…needs price recovery back over 27.70 to remain firm.
Bunds…have been running the show. 157.75 is near term momentum.

Below is positive Equity Indices.

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