USD index

Short Aussie too at . 7797

 

"Don't fade the afternoon trend" someone once told me.

 

Looks like I had it wrong so far. Still short, holding stops.

 

Flat. Once again I'm hesitant to exit when there's trouble. Hope is not a good strategy. Haha.

 

I try never to complain about the market, but I'm making an exception. It just seems strange to me. If it were August I could understand the lack of momentum, but it seems like every other day is like today. Probably building for a big move. Just so split with USD up against CHF, Jpy, Nzd, Cad, but can't make headway against Euro, GBP, Aussie. I guess I haven't been trading long enough.

 

Dollar having a strong rally here, masked by Euro strength. US ten year yield at 2.4 percent, highest in months. Looks like bond market about to break.

 

Short Euro 1.1760, Aussie .7780. Maybe finally the Euro will break with everyone else?

 

It was the Euro strength which confused me, kept me from being more aggressive with other currencies which were already moving. I did take a little bit out of Cad earlier. Plus, I got beat up badly yesterday afternoon chasing lower, so I came into today really demoralized and gun shy. I'm pretty sure I'm not the only one, just based on price action. King dollar on the move. Last hurrah?

 

Finally a little bit of volatility entered the market.

 

Covered Aussie .7725, Half of Euro just under 1.1760. Looks like Euro is waiting for ECB.