LOL. Eur/Usd in the sell zone now they might try 1 more fake out with unemployment claims later, time to see how strong the bulls are now...
I am not sure why aussie has been depreciating since the market opening. Anyway, I am keen to buy AUDUSD today because it looks to me it's undervalued. From last week, the trend has changed in aussie from bear to bull(COT analysis). Given there is uncertainty with US dollar, it's time for AUDUSD to appreciate. The current depreciation could be a temporary shock from yesterday's news that Trump has withdrawn US from TTP. I am keen to short USDJPY given there was a series of good news on Japan's current account earlier today
Dollar just doesn't want to go up. I thought for sure we'd get a good break with the selling in gold. So far it's all been met with buying of Euro, GBP Aussie etc.
Idk, it looks like the showdown is right here 10745 Euro, 113.35 USD Jpy. I'm long dollars from below. "Tri-S" is what Ben Lichtenstein calls it. Stuck short and stubborn.
Japan will report it's inflation rate tomorrow. Given the current inflation rate information on US and JPY, USDJPY is clearly short candidate. I've checked the Big Mac index (PPP model) too. US needs to weaken and Yen needs to strengthen