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swmn/soin | I see the overnights have gotten hit to the downside. Usually when I see this I go looking for a reason. Looks to me like the dollar is going to be an issue again....getting stronger. It is up quite a bit now and looking at the structure, it appears to be an impulse move. Also to me the recent correction was an abc decline. So my question is.....is this a move to control inflation? Or just a dead cat bounce? I am of the opinion we see strength come back in the dollar for the forseeable future. fwiw | |
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overnight markets
