Disliked{quote} Super active day in the markets. Check S&P losing floor (2055.xx) after Europe goes home as that one is the one that will open pandoras box. On your comments, well the reaction is only short term via risk off. None of the macro mid term levels across the board is under threat yet. Basically it was a selloff in European equites via risk first making the simple direct effect of cashing equites for euros and obviously Gold started to pick up but mainly via CHINA QE/devaluation and risk. Now after the opening range US equities followed...Ignored
We tested 96 and like you say everything all good and aligned mid term for the dollar, but all scrambled and messed up further down the chain now. At least we've got a bunch of important news to track tomorrow that can help put the dollar on a firmer short-term footing.