Note the unopen correlation of the 2 charts (ES futures, top; euro vs USD, bottom) over the starting fourth dimension three-quarters of the menstruation since September. During December, however, the human relationship has fallen apart, equally we've seen a dramatic correction inwards the euro, land stocks accept held inside their multi-week range. Investors are banking on a growing U.S. economy, exactly they are non banking on pregnant inflation or on an imminent hike inwards involvement rates. That is creating a sugariness spot, where both stocks as well as USD create goodness from favorable economical news.
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