I can't really figure it out though. They fire a missile over Japan, the yen goes up. I mean, I'm not complaining but it seems to defy logic.
Out flat final cover 108.68. I'll probably cry later but I made back most of what I gave away last week. There will be other trades later.
Expecting USD retracement before the NFP, consumer confidence data was good enough to ensure labor market continues to pick up.
Short GBP USD 1.2923. Long USD Cad 1.2518. The way I look at it, you have the top pickers vs the trend followers at the moment. I'm long USD but I'm picking on the weakest ones. Nzd might be a candidate, but Aussie is strong and I don't believe they are necessarily going to completely uncouple.
Cad only really weak today. GBP, well the story there is ongoing. I'm not expecting that much since it's really counter trend. Just going with the pressure of the moment.
The Yen went up. But the DX went down. There are other concerns, like major hurricanes slamming the US, and Trump's grandstanding. It is all piddled into the mix I reckon'.
Usually I don't try to explain things too much. It uses a different part of the brain than the part we use for trading successfully. I just couldn't help but notice the irony of the situation. I mean you could say the same about the dollar right now. Trump, hurricane, dollar catches a bid out of nowhere. I got caught earlier today on the wrong side of USDcad, pushing too hard.
Sold a little more Nzd at .53. Don't have lots of confidence in this one, just going with the flag or soon to be pennant perhaps.