Long Euro 1.1838, Aussie .7603, Nzd .6856. If there's any trend here, it's dollar weakness past few days. I'm going with that. Plus, it's not really trending right now, more oscillating. Which should mean buy weakness, sell strength on shorter TF.
Long USD against Euro, Aussie, Cad. Just wondering when the dam will break. Just looked at a gold chart. Seems pretty much the same-- down at some point here, probably hard.
I tend to look at it in terms of surprise. But it seems to work better when you have an obvious pattern which just got violated. If I have to start doing mental gymnastics to see it, it isn't there. Usually I'm looking at chop. That's the normal state of things anyway. I love disappointment...
I did end up selling GBP, twice. First time 1.3242 missed the first leg down on London open, stopped myself for a small loss at .48. Fell asleep only to wake up with it 60 points lower. Missed it by about 15 minutes. Waited for retrace to 1.3217 or so in the afternoon, out 1.3205. That was my...
Out 1.1253. Wish they were all that easy. I looked for news, it seems the boj trimmed their short term bond purchases, but nikkei is way up. So no risk aversion so far. Just dollar weakness.
AUD/Jpy still getting beat up along with USD Jpy. It looked so good earlier, which has been the case for awhile. It sets up like it's done selling, rallies repeatedly, then falls apart 30 or more points. Not bullish for equities as I've said.
Us ten year yield climbing again. I think it's more about the spread between US and German ten year. A widening spread should benefit USD/Euro in my thinking.
Everything has rolled over under resistance. Seems like a fairly rare situation. There really hasn't been much of a recovery against USD, which I expected today. Really expected Euro to bounce. I guess it did to 1.18 but really short lived.