Dislikedi tend to agree. order flow there on the charts: big buy orders make the 10-20 pip jumps, then no comparable counter and theres a consolidation range beyond that, rinse/repeat. At times theres a steady period (ie, 20 minutes, an hour, whatever) between these big moves...
red day in stocks, except the NAZ, oil down, bonds flat to red, but the e/u up 100+ pips off its low in NY - can you say decoupled?
the rate moves where the biggest orders move itIgnored
It certainly is the big money that moves the markets but this big money is not buying the market. This big money is debasing the USD, and this big money is the ECB, Fed & BOJ as per our past discussion and previously shared reference links. This has an effect on all classes and is certainly in line with how manipulated exchange rates artificially skew asset value.
Furthermore, as for your "decoupled" statement, I would have to disagree. I've posted my SP500 and E/U H1 charts showing the entire week. I see almost 100% correlation.
Cheers
PT
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Those who say it cannot be done should not interrupt those who are doing it