karun.krishna
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I am trying to develop my understanding of the intermarket correlation with Emini S&P.
Today, this came down the wire "11:03 am - NY Fed buys USD 2.085bln in the maturity range of Feb'36-Feb'42, submitted/accepted ratio 2.85 vs. Prev. 3.11"
1. ES market rallied after that statement, even though it was trending down for the day. What does that statement mean (Went completely over my head)?
2. Does it have a direct impact on ES, or was it another event that caused the rally at 11:00 am
Thanks,
K
Today, this came down the wire "11:03 am - NY Fed buys USD 2.085bln in the maturity range of Feb'36-Feb'42, submitted/accepted ratio 2.85 vs. Prev. 3.11"
1. ES market rallied after that statement, even though it was trending down for the day. What does that statement mean (Went completely over my head)?
2. Does it have a direct impact on ES, or was it another event that caused the rally at 11:00 am
Thanks,
K
