“The spread between the 2 month VIX future and the 8 month is converging, just as it did Pre-Brexit. This is a classic stock market volatility spike early indicator. Get long and stay long volatility over the next two weeks.”Don’t miss our next trade idea. Get on the Bear Traps Report Today, click here
Dollar Yen has become a classic risk off and on indicator. As the news broke moments ago, she turned “Risk-On” in a big way.
*FBI’S COMEY SAYS CONCLUSIONS ON CLINTON REVIEW UNCHANGED
*USD/JPY EXTENDS GAIN TO 1% AS FBI LETTER SEEN BOOSTING CLINTON
The FBI is sticking to its conclusion that Hillary Clinton’s handling of her e-mails as secretary of state wasn’t a crime, the bureau’s director James Comey said two days before voters decide whether she should become the country’s first woman president.
Weaker yen vs the dollar speaks to “risk-on” tomorrow across global markets.
*USD/MXN DECLINE CONTINUES TO 2.3%; 200-DMA SUPPORT AT 18.4103
The Mexican Peso is surging against the U.S. Dollar. Strength in the peso have been a positive Hillary Clinton political risk indicator in recent months.
FBI Comey Letter to Congress