curious george is perplexed
why his lying long USDchf oder at 8808 did not get filled
ahhhh nevermind why lol its likely the australian dingos yelping and prancing around for no fundamental reason just stealing pips unless it was my dealer gaming the spread
I noted last week I believed Eur/Jpy might target the 50% mark of our model, which is 162.20, it has been revisited repeatedly overtime. It was reached, but it is not looking very decisive. That said, it is still bid as long as 191.90 holds in our model.
DLRx 103.78
to state the obvious : dlr is on the back foot somewhat
one could be suspicious of players trying to push the puppy lower for possible buying but I am not convinced there is underlaying appetite for the buck.
maybe if FED yakkers come out with higher for longer hymns or Minutes deliver something to impress players later this week
I may regret this but the aud/chf entered into last week for somewhat protective reasons I undo here on the approach to the 200 day mov avg which has a good track record, and re-allocate into usd/chf which once it clears the sticky area .8800-.8850 should make a run for .9100-.9200…. We’ll see…
Those who have followed me over the years have seen me say you can’t trade EURUSD or GBPUSD without keeping an eye on EURGBP. The move up in this cross is behind some of the demand for EURUSD while GBPUSD struggles on the upside.
As the chart shows, EURGBP has bounced off a test of .8500 *just below( and is currently trying to establish above,8575, which would expose .8592-.8620 as the last leg down is negated.
On the downside, it needs to hold .8532 to keep the bid but .8570+ for the string bid.
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