A solid employment report is being hailed as the reason for this morning’s rally.
Yet, it’s hard to ignore the fact that USDJPY broke out……and VIX broke down overnight — hours before the report was released. And, of course, futures also had a head start thanks to Trump’s early preview of the data.
In other words, the algos were triggered and the ramp job was well under way before any data was released. Will it be enough for carbon-based investors to ignore the troubles in Italy and Germany?ES is testing the top of its falling channel. Will it have legs this time?
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