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(Reminder: I am away on my holidays next week, I expect I will do a couple of chart updates during the week. regular service resumes on the Monday July 9th )
HI everyone,
I hope the day treated you well.
Heres a chart to accompany last nights intro.
Notice the converging extreme positions held by opposing market players, that being money managers and producers.
And notice the fallout from previous examples of this behavior!
More on this chart later, for now its down to business.
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UPCOMING RISK EVENTS:
USD: Core Durable Goods Orders m/m, Crude Oil Inventories.
EUR: M3 Money Supply y/y,
GBP: BOE Gov Carney Speaks,
JPY: N/A.
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