Speculative long positions on the euro have increased sharply, but the euro remains flat. The euro should rally next week, but if it does not, these spec longs will become the fuel for a bear run.
Gold is in a similar position to the euro, but we've seen a clear bounce. The upswing in speculative longs should pull gold higher next week.
Philly Fed: State Coincident Indexes Increased in 44 States in March
(3-Month Basis)
-
From the Philly Fed:
The Federal Reserve Bank of Philadelphia has released the coincident
indexes for the 50 states for March 2024. Over the past three mo...
No comments:
Post a Comment