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Greetings once again, Everyone!
Our three Units of Cable, Dollar Yen, and Aussie Yen simply “Hold Their Ground”, as any Retracements and Corrective Behavior we have seen since our last Post 8 hours ago have been “Shallow” to literally “Non-Existent” at this point.
Once again…with Labor Day affecting some Exchanges and Institutional Entities around the World… the lower Volume may be playing a Role here… as lower Liquidity often “hold” Directionality “In Check”, where we simply do not get Severe Fluctuations in Corrective and Retracing Behavior.
Here are the Captures once again of all Three Units, so give them a Click for Commentary.
Post-Time is 10:45 GMT.
The Queen is simply not ready to give up the “HRM Strength”, and go down with Her Ship… as She moves into another push towards “that Great Iceberg in the North Atlantic”… The 1.5000 Figure!
Dollar Yen certainly shows no signs of real Correction as well… although it is surely due in the Near-Term…
The poor Yen needs a chance to return to the Boxing Ring with Confidence… as the Dollar looks to tire and fatigue” relatively soon!
Of course… with the Aussie leaving The Yen out in the middle of the Ocean… The Dollar above may have “Cross-Correlation” to stand on anyway… and simply not give The Yen any “fighting chance” for the Remainder of the trading Day…
It appears The Aussie sure isn’t!
Let us meet again after the NYSE Open… as Equities may give us more of an “Indication” with the Correlations here… as U.S. Equity Futures are bidding higher as of this Writing…
See You Then!
