Quote:
|
Originally Posted by MickMason
What makes you say that, fundamental or technical reasons, or was a bad number already priced in, or did the yuan rumours offset the dollar-negative potential of a bad number?
We've got it all to do again tomorrow, retail sales numbers!
Mick
|
Just for about every reason you said here. priced in, $ looks technically set up( $ index has been above its multi year trendline for weeks now). The yuan thing created a nice spike high on the charts before….
I could not find one analyst that thought the number would not be a new record high. If anything It would have been a non event.
IMO the market is more focused more on rates with the dollar than the deficit these days too.