Emini Trading Update – Tuesday 14 May 2013 (14:00)
US Dollar is rallying. We’re above the recent high and itching to break into 84 on the US Dollar Index – a level we’ve not seen for 10 months. Meanwhile the Aussie Dollar is down 3 cents since the Is the Aussie Dollar Going to Crash? video. And the inflows into US assets are favouring Equities, not Bonds.
After a strong day like today, watch out. We’ll probably consolidate a little tomorrow – so look for cyclical plays, rather than bigger trend plays. Usually, we’ll see.
Good luck with your Emini trading.