This is probably neither here nor there, as the old saying goes, but I noticed something unusual this morning. Here is a graph of the EUR/USD (black line) and the @ESU9 (blue line). In other words, it expresses, on a minute bar scale, the movements of the dollar (in inverse form) and the equities market.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Well, we've got a pretty good start at the opening bell, particularly with FXP, which has been my favorite recently. The 1015-1018 level seems like important support, particularly since The Powers That Be will want to pad out August's gains as much as possible (or at least protect them).