Greetings again, Everyone!
We move through the European Session into the U.S. Markets with the NYSE Open.
The Dow and S&P a ever-so-slightly positive, as we come off the subtle Corrections of most Majors gaining a bit of strength, as well as the Yen Crosses in the previous hours. It will be interesting to see if our “2nd-Hour Reversals” in the Equities may allow some Pullbacks, and then possible “Pressure” again while we still digest the overnight Bearish Views ( concerning the Dollar and Yen Strength…).
( Gold and Crude Oil are “Caught” in tight Ranges on the Hourly IntraDay perspectives… so we may have a little “insight” into where the Dollar may lead us overall… as Oil simply cannot sustain Itself above the coveted $50.00 Handle lately… )
We bring back the Daily Views of the Euro and the Swissy… to get a “View” of this possible “Shift in Sentiment” moving forward towards the Price Action muted ”quietness” as we move into the FOMC Minutes later today.
Remember… we do often see the “Institutional Re-Positioning” ahead of any major Rhetoric or Data Points, and this whole Central Bank Global View lately has been in need of Observance.
Here are the Dailies for a larger View, so give them a Click, as always.
Post-Time is now 13:50 right after the NYSE Open.
The Swissy is also in an “Appreciation” Mode…although we have Pressure arriving at the 1.1520’s Area to maintain the Bias.
EUR/USD is showing some Upside Bias as we come off of the InterSession Lows @ 1.3140’s, and look towards the 1.3300 Handle in the Near-Term.
I will certainly be back with you for the Hourly Views of Gold and Crude Oil ( as I promised from last night’s Post…), after we “digest” the Oil Inventory Data Points and the U.S. Wholesale Inventories… right around 16:00 GMT!
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