Cusick’s Corner 08-23-2012
As I noted this morning, if the Euro currency picks up some momentum to the upside that could trigger Equities to potentially pull back and challenge lows of the session. Well, that did happen — the Euro, FXE, broke $1.25 and the market pulled back and has been challenging support, 1400 on the S&Ps. So the non-correlated relationship continues. This impacted the Dollar trade, UUP, a pullback on the greenback also pressured the commodities, JJG/CORN/USO. Nat Gas, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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