No not Good Morning SD !! There's a little man with an hammer upstairs in the Brain Cells............
Ok Shorts in Play as of last night still......
Correlation of what I'm looking at says we are going South this morning.........
mornin' all - back from Wales and raring to go
morning zorbas
which moves first the dollar index or the indices, yesterday the indices shot higher and then the US dollar plunged lower.
good tip, havn't checked this one.
The usd is normally quite strongly anti correlated with equity prices because in times of stress money goes into usd as it is the safe haven (being the world's reserve currency) and vice-versa (JPY also). The euro and aud are opposite and usually go up with stock prices.
So 'risk-on' means higher stocks, aud and usually euro and weaker usd. 'Risk-off' is the opposite obviously. Hard to say whether the equity or fx moves first, I think they are simultaneous as algo machines trade both at the same time.
using Tim Haefke method, E-mini bounced from 20day 50% fib, 5794 is ftse level, resistance appears to be 5841
friday pivots
buy 5794
sell 5790
both dow/ftse have gaps from yesterday on daily charts
No not Good Morning SD !! There's a little man with an hammer upstairs in the Brain Cells............
Ok Shorts in Play as of last night still......
Correlation of what I'm looking at says we are going South this morning.........
Window dressing day.
Bustech are fridays usually up or down?
If you get 5 minutes later today have a read of this Guy calling himself "TenCent"
I have clocked him before elsewhere and his previous ramblings came true on more than one occasion.
Ignore the opening words where he describes himself as an inexperienced Trader. He's not.....
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