πŸŽ“ Check out our latest educational videos here !

King Dollar | Morning Express 9/23/2022

Posted: Sept. 23, 2022, 9:01 a.m.

Global markets have been on pins and needles through this week’s deluge of central bank policy announcements. However, it was fiscal, not monetary policy, that put the icing on the cake. U.K Prime Minister Liz Truss and company announced a plan to boost the economy with tax cuts and spending. In other words, a massive plan of fiscal stimulus. The added supply sent U.K. Gilts plunging. The yield of the U.K. 10-year hit a high of 3.84%, the highest since February 2011, and the U.K. 2-year hit 3.99%, the highest since October 2008. British Pound futures hit a new record low, and the historic move places the GBPUSD at the lowest level since 1985. Nothing like fighting inflation with more inflation. Regardless, the U.S. Dollar has had great underlying strength against all major global currencies, hitting decade highs against the Euro, Yen, and Chinese Yuan. Today’s movements were stoked by diverging monetary policies, with this week’s Federal Reserve meeting being a major catalyst. At the end of the day, the pain cannot stop until the U.S. Dollar hits a blow-off top. Today’s risk-off move in stocks and commodities helps bring us closer to the Fed endgame.

E-mini S&P (December) / NQ (December)

S&P, yesterday’s close: Settled at 3772.00, down 34.25

NQ, yesterday’s close: Settled at 11,565.50, down 144.50

Levels Premium

πŸ”’ You need to be a Premium User to unlock this content. Click here to unlock.


NQ (December)

Levels Premium

πŸ”’ You need to be a Premium User to unlock this content. Click here to unlock.


Crude Oil (November)

Yesterday’s close: Settled at 83.49, up 0.55

Levels Premium

πŸ”’ You need to be a Premium User to unlock this content. Click here to unlock.


Gold (December) / Silver (December)

Gold, yesterday’s close:   Settled at 1681.1, up 5.4

Silver, yesterday’s closeSettled at 19.617, up 0.137

Levels Premium

πŸ”’ You need to be a Premium User to unlock this content. Click here to unlock.


Silver (December)

Levels Premium

πŸ”’ You need to be a Premium User to unlock this content. Click here to unlock.



First Two Weeks Free!
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial

Don't have an account with Blue Line Futures?
If you have any questions about markets, trading, or opening an account please let us know! You can email us at [email protected] or call 312-278-0500.

Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Crude Oil Gold Stocks Silver Nasdaq

Like this post? Share it below:


Back to Insights