We were stopped out of the remaining short Euro position @ 124.96.
AUD/USD…is attempting an ORH day.
Euro…a close over 125.10 cash was needed for that pattern.
OIL…has had a nasty habit of putting in big rallies going into Brent expiration as
Brent/WTI spreads are unwound.
GOLD…after retesting it’s ORH level @ 1149 from Friday, it’s been off to the races.
1173 is pattern resistance.
It’s interesting that all this Dollar selling and buying of related Dollar denominated assets has been happening with a neutral Bond market.
Tomorrow we’ll see what’s real.
My initial reaction is that this is a rally to nowhere in the Currencies.
Time Frame Trading….We’ll see if Asia is a believer in a few hours.
