This is basically just a chart update because I explained my reasoning for expecting a deflationary day of deleveraging this morning, and we have it. My dollar positions are sitting nicely.
Here's the Euro's point of view. Euro longs are running scared again as we took out the prior low. We're down about 180 pips and counting right now.
 |
| EUR/USD Hourly |
 |
| DX Hourly |
Commodities are tanking again on the back of the oil margin hikes taking effect along with enormous inventory reports for corn and oil. Corn went limit down and trading was actually halted on energy futures, but opened 5 minutes later with a doubled daily limit. Strange...
 |
| Silver Hourly |
 |
| Light Crude Hourly |
