Currencies Continue to Rule

The big story around here yesterday was NKD, which nailed our downside target and dutifully recovered into the close — only to fall back below it in the after hours as USDJPY dipped even further.

It provided great guidance for a short position that delivered some nice gains, and for the long position after the bounce.2015-09-23 NKD 60 0612With USDJPY back above its .618, futures are back in the green.  Even the EURUSD had a nice bounce. But, are “markets” really out of the woods?

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