When SPX drops 1% in spite of a 3.5% spike in crude oil, TPTB get nervous. After all, the CL algo has been the best thing to come along since the USDJPY started sputtering last year [see: How to Engineer a Rally.]
That’s why, this morning, we’re seeing not only another 1.6% CL ramp, but a 1% USDJPY ramp as well. Two ramps for the price of one!
continued for members…
Sorry, this content is for members only.Click here to get access.
Already a member? Login below… |