Straits talk opens markets, again
USD: Sep26 isUpat 99.650. Energies: Sep 26 Crude is Up at 75.82. Financials: The Sep 26 30 Year T-Bond is Lower by 2 ticks and trading at 109.29. Indices: The Jun 26 S&P 500 emini ES contract is 60 ticks Higher and trading at 7764.50. Gold: The Aug26 Gold contract is trading Up at 4329.00 Initial conclusion This is not a correlated market. The USD is Up and Crude is Up which is not normal, and the 30-Year T-Bond is trading Lower. The Financials should always correlate with the US dollar such that if the dollar is Higher, then the bonds should follow and vice-versa. The S&P is Higher and Crude is trading Higher which is not correlated. Gold is trading Higher which is not correlated with the US dollar trading Up. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa. Think of it as a seesaw, when one goes Up the other goes Down. Asia traded Mixed. All of Europe is trading Higher. Possible challenges to tradersChallenger Job Cuts y/y is out at 5:30 AM EST. Major.Unemployment Claims is out at 8:30 AM EST. Major.Prelim Nonfarm









