Bunds, U.S. Treasuries & Gilts are being liquidated with
all those dollars buying equities.
Today it’s been Energy & Banks seeing some of the biggest gains with tech taking a breather @ Nasd 100 resistance.BHP & FCX are looking like this is just the start of something bigger on the weekly charts.
CAT & DE are joining in this bid.
As my friend said “the price is the price” and the price is up.
With the U.S. Spu session putting in it’s third breakaway gap from the Monday Brexit blow-off low,
the challenge now will be to find names to add that have not blasted off.
EUR/GBP.. 83.40 is the qtrly close, sustained and closing below could see this pick up momentum keeping the Pound bid on the crosses for further gains.
GBP/JPY could see 140.18. Keep your eye on this, looking at the weekly & monthly charts, there could be a much bigger move developing.