Did Friday's Employment Report Break the Bond's Back?
The following are the latest daily summaries of my ongoing intraday coverage providing context to interpret price action. Any prices listed are for a contract's current "front month." Their direction tends to correlate with any ETFs listed for each. Today’s Highlight: Huge reactions to Friday’s Employment Situation report were most evident in gold and bonds. Gold swung back from its negative reaction. Can bonds recover from Friday’s steep loss? Dollar Basket Dec Contract DX; (NYSEARCA:UUP) (NYSEARCA:UDN) The reaction up extended higher Friday to 80.65 dropping to finish the day testing 80.40. So long as 80.10 holds as support the ...
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