You are here

Commodity Currencies Are Soaring As Crude, Stocks Bounce

In an effort to wrestle S&P 500 to VWAP, to enable panicking professional sellers out, a sudden bid for crude oil and commodity currencies appeared shortly after 8amET...

S&P ramp to VWAP...

 

On the back of all things commodity-related...

 

Some context for the sudden bid in FX...

 

Now that VWAP has been hit, we wonder what happens next?

 

Charts: Bloomberg