Sheesh…just when you think you have it all figured out, the market stands on its head. Rising rates in the US? ain’t no thing…Risk is in!
EUR/USD has broken resistance at 1.3955 and moved up into the 1.3970s. Oil is at 7 month highs, stocks are up half a percent on the day…Color me clueless today. 1.3995/1.4000 is key resistance near-term. Expect heavy short-covering if that level is broken.
