In today’s briefing:
- EURO-USD Cross Rate
- TPW Advisory Friday Musings: Iron Sharpens Iron
EURO-USD Cross Rate
- While the market has aggressively moved the US rates and the rate expectations lower, the European rates are pricing in higher for longer, with a rate hike possibility still on the cards.
- In the current market environment, the Dollar crosses are driven by rate differential and sentiment rather than growth differential and geopolitical risk of the Ukraine war.
- The Cross rate and the 13-day RSI are overlaid with two standard deviations Bollinger Bands to plot the mean reversion boundaries.
TPW Advisory Friday Musings: Iron Sharpens Iron
- Today’s title comes from the O line room @ dear old Duke. As a former member of that group, I always like it when the big fellas lead.
- Iron Sharpens Iron was a social media quote from a Duke O lineman noting that when new O line guys come in via the transfer portal they make the existing guys better – just like iron sharpens iron.
- A little research shows the phrase goes back to Biblical times and implies we are better together than separately much as one iron blade by itself gets dull, two iron blades working together stay sharp.
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