This is a diagram I created to visualize the factors the affect the EurUsd. Bonds |
Bonds Up EurUsd Up As you can see from this overlay chart of EurUsd, when bond prices This is the chart I was looking at last night. Huge divergence between EurUsd and Bonds. EurUsd is bar charts. Bonds are line chart. Notice the EurUsd pulled back to pre-release level when fed announced they would be buying bonds. Bonds were trading near their high after announcement. |
Historical evidence of EurUsd and Bonds relationship |
S&P Mini was hitting a large support line for a head and shoulders pattern. |
USDX Chart At this point I am waiting for an entrance…. I know that the EurUsd should rise due to Bond prices… USDX runs against a trendline in the USDX that provides resistance to more USD strength. |
Copper seems to have bottomed. This is Aud positive and Usd negative... |
Previous News Event: EURUSD Hits 100%R to Release of Fed Buying bonds - green line The time was also nearing the end of the UK "stopout session" of 3-4:45 EST… this occurs before the major FX players open their books. I've been told that they can see where the orders are sitting in the books so they move the market to trigger the |
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