Daily Market Intelligence 12-5-16
GBP/JPY…Daily..albeit the daily is getting overbought this cross is spiking through its 200DMA and last qtr’s high. 143.25 needs to hold to keep the pattern intact. 2 yr Fib retracements do not appear until 151.66 GBP/JPY..Qtrly Equity Indices look to … Continue reading
European debt instruments expire tomorrow. Bunds…the December contract is trading at a 280 point discount to Sept. I’m looking for the initial move to be up. Trade with the buying power (ECB)
Stocks… Equity Indices will be all about the mid-week shuffle. They’ve tried up early week. We need to see where they hold late week. Bonds … Bunds…155.74 is the key feature. Maintaining and closing below this level would mark the … Continue reading