Wednesday is hump day and boy are some of the day traders humped…They paid up to $117.00 for crude and 1.4760 for EUR/USD only to turn sharply lower as US crude inventories swelled. Looks like the related markets are leading the parade with the dollar the tail rather than the dog today. EUR/USD trades at 1.4675 as intraday longs liquidate. Cruel, yes. Unusual, no.
Off to the beach. Have a great day!
