We're going to see western nation state instability increasing over the next couple of years, western democracies are already being undermined, probably going to be a more gradual decline rather than a short sharp shock and will take a few years but it's starting.... Not really going to affect us as day traders sure but I do like to know the daily and weekly TF context of the instrument being day traded, there's certainly an edge knowing where the pro's are positioned on the higher scale ...
Was short Euro from after Asia open (last night for me). Closed out at 1.1735 on the NY open after it failed to move further. I notice a loss of momentum across the board for dollar. Just going to sit back and watch whatever this is.
I keep seeing the selling in the Euro being cut off. You don't have back to back momentum moves. This would also apply to Aussie, GBP. I watch the bond market, thinking it's going to blow up any minute, but so far it hasn't. I mean, eventually it has to, but they've managed to push it out for years and years. "Tops take time to form" is my mantra.
Usdjpy strengthening again. So far so good. It's a big position. Too big, really. I'll cut either way if it doesn't move.