“Move not unless you see an advantage” – Sun Tzu
Bigger picture discussed in our Latest Weekly Outlook Video. Even after Powell, the focus remains on headline risk and what will come out of the G20 this weekend. Naturally, markets will have to adjust following yesterday’s remarks but remember that it takes more than half a trading session for things to be properly digested.
Despite suspect action in Bonds and the Vix, as far as equities are concerned, we see no big change in outlook. Where things are getting interesting is on the DXY. As previously discussed, we have been focused on EURUSD action around the 1.13 mark and also how this plays out into a seasonally bullish period for the euro > stalking euro swing longs.
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Wishing you a great day ahead.