Today is the last day of our membership promotion. Including a $100 rebate, Annual Memberships are $700 off. To sign up now, CLICK HERE.
* * * * *
So much attention has been focused on CL, lately, that USDJPY’s oscillations have gone largely unnoticed, until last night. It reached levels last night not seen since Oct 31, 2014 — the day that Kuroda surprised the markets with a massive expansion of QQE (days after promising it wouldn’t happen.)
USDJPY spiked 3.26 higher that day, and 12.64 over the next 5 weeks. Thanks to the wonders of the yen carry trade [what’s this?], SPX rallied to new highs, tacking on 220 points from its October lows.In other words, from 110 to 125 and back again. SPX had reached the same level as of February when CL’s 63% spike fed a different set of algos. But, CL topped out a couple of weeks ago.
[see: How to Engineer a Rally.]
Is it time for some new leadership? Or, at least, some new old leadership?
continued for members…
Sorry, this content is for members only.
Already a member? Login below…