EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
21 and the Temporary Pause
Just as market sentiment began improving and the US dollar index showed its first 3-day losing run since March, selling resumes across the board. Yesterday's solid US retail sales gave Powell the confidence to stick to his “inflation-remains priority” rhetoric. Interestingly, DXY, EURUSD and US-10 year all stabilized at their 21-day moving averages. No, this is neither a piece about “bear market rallies”, nor about “Intermarket technical confluences” covered successfully at last Thursday's market low. This in fact is about how the market could resume rallying into next week—despite Wednesday's wobble.
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21-yr Intermarket Charts - 7 indices 11 currencies 14 commodities
Interactive charting by instrument, chronological and alphabetical order. This enables organizing each individual commodity, currency or equity index' performance by magnitude or chronological order.
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