May

7

The kiwis jaw-boned today heavily on the bird. After major talk and rate increases saw selling through Asia into Europe, I will be interested to see if the news will be acted on and if it will further reposition into the morning in the U.S. and beyond.

Earlier in the day it appears the European open drove buy stops after heavy Asian selling for the first hour to two, which gave the bank dealers a nice bid to sell into… then, wack. Lovely juvely, I will have to look to see under such conditions if it is their usual form….quacks like duck, walks like a duck …. 


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