There are three traders in the room, a forex trader, a bond trader and a stock
trader. Which trader is least likely to admit their market is free from central
bank manipulation? The forex guy has a market of 5 trillion a day, the bond
guy has a market of similar respect, yet the stock guy has to admit his market
can be easily manipulated by algos and central banks. So when two risk on favorites
from the forex market and bond market looks a tad toppy it is best to pay attention.
The Aussie dollar just failed at a bearish 1x1 angle and the cycle for high
yield corporate bonds is due for a bearish cycle roll over.
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