Tonight’s Correlations, Euro Focus (EUR)
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Interesting price action this evening, the party began with euro spikage about an hour ago. Zerohedge is reporting there has been a blast in Macau, though i have not seen a source as of yet.
What is clear is the Euro trading in a very bullish stair step pattern at a seemingly random time with 1.4465 being the high print.
Equity index’s were delayed in their reaction to the
euro strength and or dollar weakness resulting from the USD/JPY hitting new all time lows.. Crude jumped to highs night of over 99.50 in a similar pattern to the euro and JPY…
Looks like we are going to have more low volume antics into the end of July, the lowest volume month in 3 years.