DLRx 101.44
Showing little leg, but mixed vs bag of ccies.
Re jobs: I am guessing market is noticing workers are somewhat prudent if not outright anxious about jobs especially on the lower end of the pay scale.
With all calendar data now out of the way for today players are likely to focus on closing shop without much radical price volatility ahead of the weekend. Be enough opp to yingyang pricing next week starting Wednesday and the Friday.
DLR may close a little bit on the friski but it does not look ambitious – bit of a t/p into the close would not be a surprise – at least not to me.
Res 101.50 (eh Jay what have you to say ?)
Sup 100.70
The life of a trader…you were up at 2:30am chasing trades and your wife is shaking her/its head, only to wake up hours later looking at the fight that took place in your account. Yay I got it rifght. And what do you do? Go on an 8 mile power walk/sprint, protect some kid you’ve never seen before with your Shaolin skills, get back to safety, and take a nap and get back in the ring.
Maybe those still short USD from earlier in the week were hoping for a PCE down surprise to hekp bail them out.
‘
Whatever the case, EURUSD is still above 1.1050 and GBPUSD above but closer to that 1.3144 level.
A look at the day ahead in U.S. and global markets from Mike Dolan
Record stock market highs have lit up across the world once again – though not yet for the usual suspects in the S&P500 (.SPX), opens new tab and Nasdaq (.IXIC), opens new tab.
Despite a rare stumble for the artificial intelligence theme after Nvidia’s results underwhelmed this week, the rest of the stock market complex shrugged it off and has instead lapped up a tasty diet of brisk economic growth along with falling inflation and interest rates.
FX rebalancing flows are large-scale institutional transactions that involve buying and selling assets in a portfolio to maintain a desired asset allocation. These flows are often seen at the end of the month, and their impact is usually most felt near the 4 PM London fix on the last trading day.
To detail the trade I was long from 144.28 and was confident 145.25 would be seen with t a ceiling of EITHER 145.50 or 145.60 on over-reach. Failed to take the money around 145.40 to be safe, endured the pullback, loaded up elsewhere in conjunction with the AudUsd positioning I mentioned coming into the NY session so was just fine but that is quite a trim on gains by being impatient and not reacting aggressively enough in the same opera.
If you are not swimming in money precision is important. I hope this helps novices or anyone else for me to share my perspective as a former CEO of an investment firm. None of us are perfect and all of us face the same market.
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