Ya, USD continuing down the ski slope with gold price up as expected but silver lethargic in comparrison. USD last few days looking weak but I thought wrongly that it was going to fool us with what seemed too obvious.
Yes it did seem too obvious. The London selling USD buying took out some stops, myself included. Just have to be patient, the setups always come around. Have to be willing to miss a few. The only momentum I saw that had any continuation was Usdjpy. But once it broke 110.80 the last time it was mostly a slow drip down.
Ever notice how you'll see something, a subtle change, but the market shrugs it off, you forget about it, then the real move happens three days later?
GBP, NZD, CAD all strong. Not exactly a flight to quality. So I would say the speculative juice is still flowing.
Little bit of USD strength in Asia right now. I've resisted the urge to just jump on USD shorts the past few hours. Maybe not everyone was so patient? 30-35 points is a good beginning for some stop running.
Short USD here after a long period of nonparticipation. Finally found an entry I could live with. Looks like there's some panic both sides. I'll go with the trend till proven otherwise.