Exciting day ahead with the auction in focus. Nasdaq futures sold off into US close yesterday and found little support overnight. Early morning support, which has been fairly consistent over the past week, was weak this morning and after a brief spike into the open it's been almost all selling since. Going to be a choppy day.
At the moment I'm seeing broad-based USD support - one thing I have much to learn about is the speed and strength at which the carry trade comes into play, as I expect we'll see upward pressure on the dollar for at least a quarter.
At the moment I'm seeing broad-based USD support - one thing I have much to learn about is the speed and strength at which the carry trade comes into play, as I expect we'll see upward pressure on the dollar for at least a quarter.