Here is the starting points for today. As we move through the day the numbers will change as we move to Risk Off and the Dow moves down. Of course a reversal will change the direction of the movement. This along with Correlation of EUR/USD and EUR/JPY which moves through the changes in USD/JPY.
We have EUR/USD at 1.3117 and EUR/JPY at 1.0283
USD/JPY is at 78.38
Gold at $1770.70 US and Oil at 98.83
I also watch GBP/USD at 1.6235 and EUR/CHF at 1.2162
Do we REMEMBER when it held at 1.2000 for months ? Just look at a chart.
Now for my Money Flow Indicator I turn to the US Bonds as money FLOWS between Equities and US Bonds as we go back and forth between Risk Off and Risk On.
Dow Futures down 15 and Europe is in the RED for the moment.
The Yield on the 2 Year US Bonds is .24% and the Yield on the 10 Years are 1.87% with the Spread 163 Basis Points.
You can see the Yield going up on the Long End as it is moving towards 2.00 % and the 2 Year Yield is holding near .24%.
This means that money is flowing out of the 10 Year US Bonds and more money is being parked in the short end as the .24% now shows.
Gold is holding firm at $1773.40 US (Futures) and as the values move up and down there is correlation.
The MOMENTUM leads the charts as the numbers change.
We have EUR/USD at 1.3117 and EUR/JPY at 1.0283
USD/JPY is at 78.38
Gold at $1770.70 US and Oil at 98.83
I also watch GBP/USD at 1.6235 and EUR/CHF at 1.2162
Do we REMEMBER when it held at 1.2000 for months ? Just look at a chart.
Now for my Money Flow Indicator I turn to the US Bonds as money FLOWS between Equities and US Bonds as we go back and forth between Risk Off and Risk On.
Dow Futures down 15 and Europe is in the RED for the moment.
The Yield on the 2 Year US Bonds is .24% and the Yield on the 10 Years are 1.87% with the Spread 163 Basis Points.
You can see the Yield going up on the Long End as it is moving towards 2.00 % and the 2 Year Yield is holding near .24%.
This means that money is flowing out of the 10 Year US Bonds and more money is being parked in the short end as the .24% now shows.
Gold is holding firm at $1773.40 US (Futures) and as the values move up and down there is correlation.
The MOMENTUM leads the charts as the numbers change.