Market rally is a trap...Euro topped. Perhaps we can get a little throw over...but essentially the EURO is done and the Dollar has bottomed. Stock market prices should be a lot higher given the dollar weakness and DX should be confirming DXY prices.
Also, DXU09 is not confirming DXY price. usually the spread is 9 cents...now its over 25 cents.
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
3 hours ago