New Risks. New Opps for Profits
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Headlines now excitedly screaming that 2024’s Elections Could Bring New Risks. Isn’t that exciting ?
US500 DAILY CHART – 5200 TARGETED?
AS i POSTed THE PAST FEW DAYS IF THE DOWNSIDE PICKS UP STEAM 5200 WOULD BE A TARGET. sO DAR, IT HAS CIOME CLOSE BUT YET TO TEST THIS LEVEL.
As noted below, a Chicago PMI miss has been the catalyst for the drop in equities.
See if the dollar reacts to the risk off mood.
EURGBP 30 MINUTE CHART – MONTH END?
As I posted earlier,
As I noted, month-end flows can be a factor, especially in EURGBP, which is firmer.
Note, I have seen month-end flows reverse during the day so keep an eye on your charts
To suggest an order the other way, .8515 would need to be broken.
In any case, keep an eye on this cross as the 4 PM London fix approaches.
GBPUSD, meanwhile, has regained a bid after EURGBP came oiff its high.
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