Then again the markets are going to wake up to bad news, so it may be better to stand aside till things settle.
Euro selling seems to have stalled out again at 109.95. 110.50 a big target now.
Risk off isnt working, when all signs point one way then it stalls out it's often a setup for a move in the opposite direction.
Oil cant keep a bid despite obvious security threat, usdjpy sold off hard, not sure what's holding equities up at this point. Sp down only...
Watching gold it has a big head and shoulder on the daily and looks like its hit resistance at 1520 but I dont think I'd want to trade it short...
Whoa. . .
Euro has broken a large triangle on the, say, 4 hr chart. Then retraced a bit. So you have a pretty clear A-B setup. Backdrop is the Aussie very...
Wow, I think we might agree on something. Haha. Aussie has looked stronger, btw. Probably all the lesser currencies will rally first. Saw some...
1.1050 key area Euro usd. That looks like a successful retest of the recent lows. Usd now on the defensive, equities really strong and climbing a...
Pretty weak rally against Usd so far.
Momentum has shifted back to bearish Usd. Not really what you would call a trending market yet. Watching usdcad especially, seems to be holding...
I mean the momentum has shifted away from the Usd. I dont include Usdjpy, as I dont see the correlation. In the past few months the momentum has...
I believe the situation at hand is you have the herd conditioned to buy Usd on pullbacks. They will pounce on any weakness in the majors and try...
Multiple failures .6930 area AussieUsd.
Dollar long trade is also a very very crowded trade, per Chicago IMM figures.
They took usdcad out back and shot it, that's mostly what I saw. It just struggled and struggled to move. Just following that really. If usdjpy...
Why is because of the tape. I dont trade funnymentals. Just a possible reversal. Tape is really undecided here, probably will pull the plug on...
Momentum has shifted, at least temporarily. Currently long Aussie .6929
Back in at 1.3479. Usdcad. Gold volatile, falling now. Interesting how Euro chart looks so similar to gold here.
Flat, out at 1 3493. Euro broke higher, going to take my chips off and watch.
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