Interesting areas of disconnect
Note the complete disconnect between DXY and the run up in financials as of late. UJ performance is marginal and XAUUSD has been acting bearish. Would lead me to infer that DXY troubles are not related to FOMC forecasts and instead more euro-based. This would support the notion that XAUUSD is setting up to take a dive lower as a correction.
Secondary interesting note is that the XLF finished it's big move last november almost 5 days prior to all currency pairs and metals.
Secondary interesting note is that the XLF finished it's big move last november almost 5 days prior to all currency pairs and metals.
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