While the dollar remains close to cycle highs, it has given up all the week’s gains today after China trade headlines overnight and Turkish FinMin confidence-inspiring conference call confirms to investors that the world is ‘fixed’ again…
Dow futures are back to last Thursday’s closing levels – before the Turkish shit really the fan…
And the dollar is dumping…
As China squeezes Yuan shorts (to show how mighty it is ahead of trade talks?)…
The Ruble is bouncing back…
And the Lira is extending its rebound… (what exactly has been fixed here?)
Extending the rise above a 50% retracement of losses since Erdogan was sworn in…
But let’s keep in mind the context of this ‘bounce’…
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