- Futures are currently down moderately this Friday morning
- Export Prices ex-ag came in at 0.5% vs 0.9% prior
- Import Prices ex-oil came in at 0.4% vs 0.6% prior
- AUD/USD continues to struggle with the 20/50 day moving averages as resistance – continued selling pressure until we get a close above the 1.063 area
- EUR/USD went through a large sell off yesterday and it looks to continue that run this morning – next support level at the 50 day moving average (1.441)
- USD/JPY continues to consolidate around the 80.17 support level – still waiting for a breakout or break down
- TNX was able to fill the gap it created yesterday and held onto its strong gains creating a bullish engulfing pattern – needs to get back above 30.33
- No POMO today – they release the new schedule 1pm CST – will this be the last schedule??
- Bulls were able to put in a good run yesterday bringing this market out of oversold conditions and finally ending the consecutive down days
- Market held resistance at 1294 which will be the next key level for the bulls before they tackle 1300
- If the bulls hope to have a positive week and make it so we don’t have 6 straight down weeks we need to see a close above 1300
- Bears need to use this run up as a time to enter more short positions
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