“It’s a screw job!”
That’s how one trader described this morning’s price action…The move to 1.3571 squeezed out a number of intraday shorts and more will be squeezed if we can get above 1.3290.
Not a lot of fun…
We’re at 1.3258 now with US 10-year notes at 3.22% and gold off its lows, now at $1389 from $1385 shortly after the US open…
