Closed Euro short, no follow through against the predominant trend of Euro strength. I may short again if we happen to hold below 1.1365.
Short EuroUsd 1.1366. Aussie is down, gold down, looks like a head and shoulders, that's enough for me.
Risky trade ahead of the ECB meeting next week. Today Euro stood solid against Dollar despite its appreciation against other majors. Probably there are strong expectations ECB will reverse saying something positive about policy tightening outlook. US economy is solid, Chinese also seem to manage their problems (look at February manufacturing PMI), global recovery may resume and this emerging trend may be on the radar.
I closed it out, again no follow through despite the backdrop. I like to go into the weekend flat anyway. Next week can have a completely different tone.
Long Euro 1.1322. Sliced through 1.1330 to 40 area like a hot knife through butter, undoubtedly taking out stops. Not looking for anything big, just trading it.
Nope the tone remains surprisingly same. Upbeat Core PCE reading did its jobs, fixed income market yields up, dollar rallies. Gold seems to be under heavy pressure because of revival of risk plays. Let's see if the ECB will choose something neutral instead of recent dovish rhetorics.