Thievish Thursday

29
Thu, Jul 15, 2021 - 10:48am

I'm getting a bit of a late start this morning as I've been searching for something to write about. As it turns out, the search was in vain as there's nothing PM-noteworthy...yet.

Oh, of course, we got another smash-and-grab during the London session that drove the price of CDG down and away from $1835 and the resistance that is just above there. Notice below that the POSX began to turn up at 3:30 but it wasn't until 5:00 that the bottom suddenly dropped out on CDG. And there was nothing else going on at the time, either....no news, headlines or bond market action....

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Key Economic Events Week of 8/2

8/2 9:45 ET Markit Manu PMI
8/2 10:00 ET ISM Manu PMI
8/3 10:00 ET Factory Orders
8/4 8:15 ET ADP Jobs report
8/4 9:45 ET Markit Service PMI
8/4 10:00 ET ISM Service PMI
8/6 8:30 ET BLSBS

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