If the put/call ratio in US stocks hit 91 again the math favors selling. One metric I am watching. It should coincide with another disgusting-mentally ill Olympic opening ceremony type event out of France.
I like the sell side of New Zealand around 6420, goes with the dominant flow. Would require this overnight buying to start a new dominant buy cycle against Dollar so the sell is worth exploring on a decent probabilities fashion. Some internal metrics support.
Buy side of UsdCad looks to have decent R/R approaching 3720/30. It is entering a value where it either goes on a tangent to the downside from there or holds and continues the more dominant bias.
Buy side of UsdJpy and UsdMxn are treating me decently this morning. Right here is decent if you missed entry, albeit a bit on the dicey side because price is precisely in the middle of what I perceive as exhaustion areas. You either get it perfectly or the market has other ideas and soon.
ahhh yes … that “imminent” retaliation
thks for the reminder:
Oil Climbs as Equities Rally and Traders Eye Iran Retaliation
(Bloomberg) — Oil rallied as markets globally recovered from a recent rout and investors remained on edge over the possibility of a retaliatory strike from Iran on Israel. … /.
Related to 2/3rds
–
The Unexpected Winners and Losers as Markets Went Into Meltdown
(Bloomberg) — The market wipeout that swept through equities, bonds and currencies on Monday left just a few resilient pockets relatively unscathed.
authors Jeanny Yu, Jake Lloyd-Smith, Marcus Wong and Trista Xinyi Luo go on to explain what investors bought — or dumped — that might surprise.
they dont say surprise who (maybe the writers themselves or their readers)
EURO 1.0920
–
I am biased slightly uP
– as I wait for narrow range to breakout
for 1.0950-ish target
Sup 1.0875
Today, in a personal preference tactic, I give bit more weight to Pivot price points
10-yr 3.936 uP a bit
DLRx 102.98
– Dlr is somewhere between wish-washi jerky and uP
– Some ccies over 1% gain moves on the usd
– On the other hand : yen, chf : down, good hits
Stock looking to open uP
Odds of DLR gaining – 104 a sell if seen ? – continue to be iffy in my optique
I agree with those who suggest the carry trades cleaning is not complete
Nothing on Data Calendar
12:00 – collins
13:00 – janet peddles 42bln of 10yr paper
