The near term fate of global markets lie in the currency crosses of dollar-pound, dollar-yen and dollar peso. Most of you are looking at me stupid now, after telling you the fucking peso holds the keys to your new cayenne. But currency traders know that the peso is the most liquid of all the piece of shit EM currencies and is, pretty much, a proxy for emerging markets.
As of right now, the pound is 2% lower v the dollar, the yen is off by 0.4% and the peso is lower by 0.35%.
US futs are moderately lower and commodity markets remain slightly biased towards risk off.
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Inning number 9 started on Friday…. Only 3 more outs before the game is over. Unless of course, grandma Yellen comes up with something out of the blue and hits a Home Run getting to extra innings.
Unfortunately, she’s batting against Mariano Rivera in game 7 of The World Series.